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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Disallowance u/s 14A - the action of the AO in directly ...


Rule 8D(2) Misapplied by Assessing Officer; No Disallowance u/s 14A Justified Based on Case Facts.

February 4, 2016

Case Laws     Income Tax     AT

Disallowance u/s 14A - the action of the AO in directly embarking on Rule 8D(2) of the Rules is not appreciated and hence no disallowance u/s 14A could be made in the facts of the instant case - AT

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