M/S.ACUMEN CAPITAL MARKET(INDIA) LTD,ERNAKULAM vs. THE ITO, COCHIN
In the result, the appeal filed by the assessee is allowed
ITA 555/COCH/2015[2012-13]Status: DisposedITAT Cochin24 Mar 2017AY 2012-13
Bench: S/Shri Abraham P George, Am & George George K, Jm Acumen Capital Marketing (I) Ltd Vs The Income Tax Officer 3Rd Floor St Reddiar & /Sons Bldg Ward 1(1), Kochi Veekshanam /Road Ernakulam ( Appellant) (Respondent)
Section 143(3)Section 14ASection 263Section 43Section 5
94,800 was not considered for arriving at disallowance under Rule 8 D(iii)
iii)
Provision for Leave encashment amounting to Rs.83,670 not disallowed following
iv)
Loss on trading in shares amounting to Rs.21 ,30,564 is not considered as loss from speculation business as required under explanation to section 73. 3.1
The assessee filed reply vide letter dated
