https://www.taxtmi.com/highlights?id=22513 Return of investment cannot be construed to mean "expenditure" and if it is construed to mean "expenditure" in the sense of physical spending still the expenditure was not such as could be claimed as an "allowance" against the profits of the relevant accounting year under Sections 30 to 37 of the Act and, therefore, Section 14A cannot be invoked. - HC en-us Tue, 14 Apr 2015 22:19:56 +0530 Tue, 14 Apr 2015 22:19:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=22513 Return of investment cannot be construed to mean "expenditure" and if it is construed to mean "expenditure" in the sense of physical spending still the expenditure was not such as could be claimed as an "allowance" against the profits of the relevant accounting year under Sections 30 to 37 of the Act and, therefore, Section 14A cannot be invoked. - HC Highlights Income Tax Tue, 14 Apr 2015 22:19:56 +0530 https://www.taxtmi.com/highlights?id=22513