No disallowance in relation to shares and securities held as stock in trade and where owned funds are more than the value of shares and securities. (AY. 2009-10 to 2012-13)
Rajasthan State Industrial Development & Investment Corporation Ltd v. DCIT (2018) 195 TTJ 35 (Jaipur)(Trib.)
S. 14A : Disallowance of expenditure – Exempt income – No disallowance in relation to shares and securities held as stock in trade and where owned funds are more than the value of shares and securities. [R. 8D]