Thursday, February 6, 2020

Section 14A disallowances could not be attracted in the absence of exempt income

INCOME TAX: Disallowance of expenses under section 14A read with rule 8D of 1962 Rules cannot be made in absence of exempt income

from www.taxmann.com Latest Case Laws https://ift.tt/31xgk0o
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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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