Sec. 14A: Only Covers Expenditures for Non-Income, Not Losses. Losses Aren't Expenditures Under This Rule.

Sec. 14A: Only Covers Expenditures for Non-Income, Not Losses. Losses Aren't Expenditures Under This Rule. https://www.taxtmi.com/highlights?id=5984 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 en-us Mon, 05 Nov 2012 19:57:24 +0530 Mon, 05 Nov 2012 19:57:24 +0530 TaxTMI RSS Generator Sec. 14A: Only Covers Expenditures for Non-Income, Not Losses. Losses Aren't Expenditures Under This Rule. https://www.taxtmi.com/highlights?id=5984 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 Highlights Income Tax Mon, 05 Nov 2012 19:57:24 +0530 https://www.taxtmi.com/highlights?id=5984