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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Disallowance u/s 14A - no dividend income has been received ...


Disallowance u/s 14A Not Applicable: No Dividend Income or Borrowed Funds for Share Investment.

June 30, 2016

Case Laws     Income Tax     AT

Disallowance u/s 14A - no dividend income has been received during the year under assessment nor it has borrowed any funds to invest in the share to earn the dividend income, the question of making disallowance by invoking provisions u/s 14A read with Rule 8D does not arise - AT

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