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Income Tax - Highlights / Catch Notes

Home Highlights November 2012 Year 2012 This

Sec.14A is applicable only in respect of “expenditure incurred” ...

Case Laws     Income Tax

November 5, 2012

Sec.14A is applicable only in respect of “expenditure incurred” in respect of income which is not includible in total income and does not deal with the losses. Losses cannot be construed to be expenditure. - AT

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