The Income Tax Appellate Tribunal (ITAT) in the case of Gajanan Enterprises vs. ACIT held that the dividend which is derived from the Shares which are ‘stock in shares’ will not be computed in the total income and disallowance under Section 14A of Income Tax is sustainable. The facts of the case is that the […]
The post Dividend derived from Shares held as Stock in Trade can’t be disallowed: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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