https://www.taxtmi.com/highlights?id=34591 Disallowance u/s 14A - The benefit derived by the assessee by virtue of the investment is not dividend income but is subsidized rate of power. This subsidy is not exempt from tax. Further, if the benefit has resulted in enhanced business income/profits and has been taxed, then, no disallowance u/s 14A r.w.r. 8D can be made - AT en-us Mon, 01 May 2017 10:29:04 +0530 Mon, 01 May 2017 10:29:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=34591 Disallowance u/s 14A - The benefit derived by the assessee by virtue of the investment is not dividend income but is subsidized rate of power. This subsidy is not exempt from tax. Further, if the benefit has resulted in enhanced business income/profits and has been taxed, then, no disallowance u/s 14A r.w.r. 8D can be made - AT Highlights Income Tax Mon, 01 May 2017 10:29:04 +0530 https://www.taxtmi.com/highlights?id=34591