TMI BlogDisallowance u/s 14A - Assessee offered a suo-motto disallowance - By merely stating, that as the...Disallowance u/s 14A - Assessee offered a suo-motto disallowance - By merely stating, that as the assessee was maintaining consolidated accounts, therefore, in the absence of separate accounts for exempt income yielding investments and its other business activities he was precluded from establishing a one-to-one nexus between the expenses and such exempt income yielding investments, in our considered view, by no means can be taken as discharge of the statutory obligation that was cast upon the A..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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