Expenditure not allowed as deduction: categorical bars on deductions, attribution rules, and prohibition on duplicate claims. Expenditure not allowed as deduction identifies categories barred from deduction when computing total income: expenditure attributable to income excluded under the Sixth Schedule; expenditure attributable to special source income; expenditure already deducted in another year; expenditure for unlawful or impermissible activities; provisions for liabilities unascertained by year-end; and unexplained expenditure. The Code forbids claiming the same deduction under multiple provisions and provides that these disallowance rules apply notwithstanding other provisions in the Chapter.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Expenditure not allowed as deduction: categorical bars on deductions, attribution rules, and prohibition on duplicate claims.
Expenditure not allowed as deduction identifies categories barred from deduction when computing total income: expenditure attributable to income excluded under the Sixth Schedule; expenditure attributable to special source income; expenditure already deducted in another year; expenditure for unlawful or impermissible activities; provisions for liabilities unascertained by year-end; and unexplained expenditure. The Code forbids claiming the same deduction under multiple provisions and provides that these disallowance rules apply notwithstanding other provisions in the Chapter.
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