https://www.taxtmi.com/caselaws?id=272370 Salary paid to a Company Secretary and related expenses were treated as expenditure having nexus with both taxable and exempt income where the company's income was substantially exempt under section 10. The compulsory nature of the Company Secretary's appointment under the Companies Act did not change the character of the expense for section 14A purposes. The expenditure could not be attributed wholly to taxable income, so it had to be apportioned between taxable and exempt streams. en-us Mon, 22 Feb 2016 00:00:00 +0530 Mon, 07 Mar 2016 06:33:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272370 Salary paid to a Company Secretary and related expenses were treated as expenditure having nexus with both taxable and exempt income where the company's income was substantially exempt under section 10. The compulsory nature of the Company Secretary's appointment under the Companies Act did not change the character of the expense for section 14A purposes. The expenditure could not be attributed wholly to taxable income, so it had to be apportioned between taxable and exempt streams. Case-Laws Income Tax Mon, 22 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272370