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2015 (1) TMI 1154 - ITAT DELHIDisallowance u/s 14A r.w.Rule 8D - whether investment in shares and securities have been made out of borrowed funds, therefore, the provisions of s.14A are applicable? - Held that:- We uphold the finding of the First Appellate Authority that the income received from the sale and purchase of shares is to be taxed under the head “income from capital gains”. Hence we dismiss this appeal of the Revenue. - Decided in favour of assessee.
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