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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Disallowance u/s 14A - The claim of the assessee was that no ...


Assessing Officer Can Disallow Expenses for Exempt Income Once Satisfaction is Recorded u/r 8D(2)(iii.

February 2, 2016

Case Laws     Income Tax     AT

Disallowance u/s 14A - The claim of the assessee was that no expenditure was incurred for earning exempt income, but once the AO had recorded his satisfaction in terms of sub-section (2), then the disallowance can be made as per Rule 8D(2)(iii) - AT

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