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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Disallowance u/s 14A - no exempt income - When there is no ...


No Disallowance u/s 14A If No Exempt Income Earned in Assessment Year.

July 4, 2019

Case Laws     Income Tax     AT

Disallowance u/s 14A - no exempt income - When there is no exempt income earned by the assessee during the relevant assessment year, no disallowance can be made by invoking the provisions contained u/s 14A

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