Disallowance u/s 14A r.w.r. 8D - Even where the assessee claims ...

Court Remands Case for Further Review on Section 14A Disallowance; Assessee Failed to Provide Necessary Expense Details.

September 14, 2012

Case Laws     Income Tax     AT

Disallowance u/s 14A r.w.r. 8D - Even where the assessee claims that no expenditure has been incurred in relation to income which does not form part of total income, the AO is required to verify the correctness of such claim but in the instant case the AO was handicapped, because of failure of the assessee to furnish relevant details/particulars - matter remanded back - AT

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