AO Must Clearly Justify Rejection of Taxpayer's Expenditure Claims u/s 14A & Rule 8D of Income Tax Act.

Disallownace u/s 14A r.w.r. 8D - While rejecting the claim of the assessee with regard to expenditure or no expenditure in relation to exempted income, the AO has to indicate cogent reasons for the same - AT .....

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