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Income Tax - Highlights / Catch Notes

Home Highlights February 2018 Year 2018 This

Effect of section 14A amendment - Expenses related to exempted ...


Supreme Court rules Section 14A amendment on exempt income expenses not retroactive for assessments before April 1, 2007.

February 2, 2018

Case Laws     Income Tax     SC

Effect of section 14A amendment - Expenses related to exempted income - Whether sub-section (2) and sub-section (3) of Section 14A inserted with effect from 01.04.2007 will apply to all pending assessments? - Held no - SC

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