TMI BlogSection 14A: No Disallowance If No Expenditure Incurred for Earning Exempt Income Under Income Tax Act.Disallowance under section 14A required finding of incurring of expenditure and where it was found that for earning exempted income no expenditure had been incurred, disallowance under section 14A could not stand. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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