TMI BlogDisallowance under Section 14A - whether disallowance can be made in a year in which no exempt income...Disallowance under Section 14A - whether disallowance can be made in a year in which no exempt income has been earned or received by the Assessee? - Section 14A will not apply if no exempt income is received or receivable during the relevant previous year - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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