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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Disallowance u/s. 14A - There will definitely be an expenditure ...


Section 14A Disallowance Upheld: AO Properly Applied Rule 8D(2)(iii) for Investment-Related Administrative Costs.

November 10, 2015

Case Laws     Income Tax     AT

Disallowance u/s. 14A - There will definitely be an expenditure incurred towards administrative and management cost etc. towards planning, executing and maintaining these investments - AO has rightly invoked the provisions of section 14A read with Rule 8D(2)(iii) - AT

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