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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Disallowance u/s 14A read with Rule 8D - AO cannot by recording ...

Case Laws     Income Tax

February 19, 2015

Disallowance u/s 14A read with Rule 8D - AO cannot by recording general observations, particularly where the assessee has denied using interest bearing funds, proceed to infer that interest bearing income must has been used to earn exempted income - HC

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