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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Disallowance u/s 14A - once it is clear that Section 44 read ...

Case Laws     Income Tax

August 12, 2019

Disallowance u/s 14A - once it is clear that Section 44 read with Rule 2 of the First Schedule to the Act alone would apply when it comes to computing the profits and gains of life insurance business, the question of resorting to any other provision for individual items of income and expenditure would not arise - no disallowance

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