Disallowance u/s 14A r.w.r. 8D - The object of Section 14A is to ...

Section 14A: Preventing Tax Deductions on Expenses Related to Exempt Income to Maintain Tax Integrity and Fairness.

April 16, 2021

Case Laws Income Tax HC

Disallowance u/s 14A r.w.r. 8D - The object of Section 14A is to curb the practice to claim deduction of expenses incurred in relation to exempt income against taxable income and at the same time avail of the tax incentive by way of exemption of exempt income without making any apportionment of expenses incurred in relation to exempt income. - HC

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Disallowance u/s 14A r.w.r. 8D - The object of Section 14A is to ...

Section 14A: Preventing Tax Deductions on Expenses Related to Exempt Income to Maintain Tax Integrity and Fairness.

April 16, 2021

Case Laws Income Tax HC

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