Friday, August 3, 2018

No sec. 14A disallowance if AO didn't prove that any exp. was directly attributable to exempt income

IT: Where Assessing Officer did not find that assessee had incurred any expenditure which was directly attributable to investment made in partnership firm for earning exempt income under section 10(2A), no disallowance could not be made under section 14A

from www.taxmann.com Latest Case Laws https://ift.tt/2n6L7hh

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