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Income Tax - Highlights / Catch Notes

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Disallowance u/s 14A - the expenditure relatable to making the ...


Section 14A Disallowance: Expenditure on Investment Activities Non-Deductible u/r 8D(2)(iii) of Income Tax Rules.

January 29, 2016

Case Laws     Income Tax     AT

Disallowance u/s 14A - the expenditure relatable to making the investment and taking steps for its redemption and reinvestment involved an element of expenditure and in view of the provisions of Rule 8D(2)(iii) of the Rules, such expenditure is disallowable in the hands of the assessee. - AT

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