Thursday, September 16, 2021

No sec. 14A disallowance if assessee made investment from capital amp; reserves and not from borrowed funds: HC

INCOME TAX : Where investments had been made by assessee from capital and reserves and not out of borrowed funds and assessee had not incurred expenditure to earn exempt income, no disallowance could be made under section 14A

from www.taxmann.com Latest Case Laws https://ift.tt/2Xk6P6T
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