Disallowance u/s 14A - when assessee has huge interest-free ...

Case Laws Income Tax

June 11, 2019

Disallowance u/s 14A - when assessee has huge interest-free funds available which can take care of investment made by the assessee - assessee had shown interest expenses of ₹ 10. 99 crores as against interest income of ₹ 20. 99 crores - in such situation, as per sub-clause(2) to Section 14A he could not make disallowance out of interest expenditure

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Disallowance u/s 14A - when assessee has huge interest-free ...

Case Laws Income Tax

June 11, 2019

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