Sec. 14A: Only Covers Expenditures for Non-Income, Not Losses. Losses Aren't Expenditures Under This Rule.

Sec.14A is applicable only in respect of “expenditure incurred” in respect of income which is not includible in total income and does not deal with the losses. Losses cannot be construed to be expenditure. - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X