https://www.taxtmi.com/article/detailed?id=7407 The article contends that section 14A disallowance should not apply to dividends taxed at distribution under separate provisions because such dividends form part of the "total income under this Act," and section 14A targets expenditure in relation to income that "does not form part of the total income under this Act." It further argues the legislative purpose of section 14A and the nature of holding-related expenses distinguish taxed-at-source dividends from wholly exempt incomes, and that these points were not adequately advanced in the reported litigation. en-us Thu, 11 May 2017 07:03:38 +0530 Thu, 11 May 2017 07:03:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7407 The article contends that section 14A disallowance should not apply to dividends taxed at distribution under separate provisions because such dividends form part of the "total income under this Act," and section 14A targets expenditure in relation to income that "does not form part of the total income under this Act." It further argues the legislative purpose of section 14A and the nature of holding-related expenses distinguish taxed-at-source dividends from wholly exempt incomes, and that these points were not adequately advanced in the reported litigation. Articles Income Tax Thu, 11 May 2017 07:03:38 +0530 https://www.taxtmi.com/article/detailed?id=7407