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Income Tax - Highlights / Catch Notes

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

Income Tax

January 29, 2016

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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