Addition u/s 14A - expenses towards exempted income - ...

Section 14A: Disallow 1% of Expenses for Earning Tax-Free Income on Estimated Basis.

March 27, 2018

Case Laws Income Tax AT

Addition u/s 14A - expenses towards exempted income - Disallowance had to be made only on an estimated basis with regard to the expenditure incurred for the purpose of earning tax free income. - AO directed to disallow 1% of exempt income - AT

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Addition u/s 14A - expenses towards exempted income - ...

Section 14A: Disallow 1% of Expenses for Earning Tax-Free Income on Estimated Basis.

March 27, 2018

Case Laws Income Tax AT

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