https://www.taxtmi.com/highlights?id=27853 Apportionment of expenses between the taxable and exempted income - disallowance u/s 14A - The act of engagement of Company Secretary was clearly for the purpose of carrying on activities of the company, in absence of which, the company would be breaching the legal requirement. That being the position, the expenditure had to be apportioned between the taxable income and the exempt income. - HC en-us Mon, 07 Mar 2016 15:14:00 +0530 Mon, 07 Mar 2016 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=27853 Apportionment of expenses between the taxable and exempted income - disallowance u/s 14A - The act of engagement of Company Secretary was clearly for the purpose of carrying on activities of the company, in absence of which, the company would be breaching the legal requirement. That being the position, the expenditure had to be apportioned between the taxable income and the exempt income. - HC Highlights Income Tax Mon, 07 Mar 2016 15:14:00 +0530 https://www.taxtmi.com/highlights?id=27853