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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Disallowance u/s 14A r.w.r. 8D - Even where the assessee claims ...

Income Tax

September 14, 2012

Disallowance u/s 14A r.w.r. 8D - Even where the assessee claims that no expenditure has been incurred in relation to income which does not form part of total income, the AO is required to verify the correctness of such claim but in the instant case the AO was handicapped, because of failure of the assessee to furnish relevant details/particulars - matter remanded back - AT

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