Disallowance u/s 14A r.w.r. 8D - The object of Section 14A is to curb the practice to claim deduction of...

Disallowance u/s 14A r.w.r. 8D - The object of Section 14A is to curb the practice to claim deduction of expenses incurred in relation to exempt income against taxable income and at the same time avail of the tax incentive by way of exemption of exempt income without making any apportionment of expenses incurred in relation to exempt income. - HC .....

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