No Disallowance u/s 14A for Dividend on Stock -in-Trade : Mumbai ITAT

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In the continuing saga of disallowance u/s 14A and for the purpose of computation of disallowable amount under Rule 8D of Income Tax Rule, two recent judgments- one from Kolkata ITAT and another from Mumbai ITAT- are welcome relief for many tax payers specially those who have to bear the burnt of disallowance under section…