TMI BlogDisallowance u/s 14A - AO says only that for carrying out the activity of investment and to earn exempt...Disallowance u/s 14A - AO says only that for carrying out the activity of investment and to earn exempt income, some more expenditure than what the assessee itself disallowed has to be necessarily incurred. This is only a surmise and guess not based on any cogent reason - Action of AO is not correct - Additions deleted - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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