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Income Tax - Highlights / Catch Notes

Home Highlights May 2013 Year 2013 This

Addition of disallowance u/s 14A to the book profit computed u/s ...


Section 14A Disallowance Not Allowed in Book Profit u/s 115JB Without Specific Expenditure Entry.

May 4, 2013

Case Laws     Income Tax     AT

Addition of disallowance u/s 14A to the book profit computed u/s 115JB - Unless a particular expenditure is debited to the P&L A/c relating to the earning of exempt income, the same cannot be imported into the computation of book profit - AT

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