Section 14A: No Disallowance If No Expenditure Incurred for Earning Exempt Income Under Income Tax Act.

Section 14A: No Disallowance If No Expenditure Incurred for Earning Exempt Income Under Income Tax Act. https://www.taxtmi.com/highlights?id=12775 Disallowance under section 14A required finding of incurring of expenditure and where it was found that for earning exempted income no expenditure had been incurred, disallowance under section 14A could not stand. - AT en-us Fri, 24 May 2013 09:23:05 +0530 Fri, 24 May 2013 09:23:05 +0530 TaxTMI RSS Generator Section 14A: No Disallowance If No Expenditure Incurred for Earning Exempt Income Under Income Tax Act. https://www.taxtmi.com/highlights?id=12775 Disallowance under section 14A required finding of incurring of expenditure and where it was found that for earning exempted income no expenditure had been incurred, disallowance under section 14A could not stand. - AT Highlights Income Tax Fri, 24 May 2013 09:23:05 +0530 https://www.taxtmi.com/highlights?id=12775