Disallowance u/s 14A - Whether there is no tax free income ...

Case Laws Income Tax

September 23, 2020

Disallowance u/s 14A - Whether there is no tax free income earned during the year ? - To attract the provisions of Section 14A of the Act, 1961, it is necessary that the assessee should have earned any exempt income. If the assessee has not earned an exempt income and has not claimed so in his return of income, then the provisions of Section 14A would not be applicable. - HC

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Disallowance u/s 14A - Whether there is no tax free income ...

Case Laws Income Tax

September 23, 2020

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