AO Cannot Directly Apply Rule 8D(2)(iii) for Disallowance u/s 14A on Exempt Income Expenses.

AO Cannot Directly Apply Rule 8D(2)(iii) for Disallowance u/s 14A on Exempt Income Expenses. https://www.taxtmi.com/highlights?id=39263 Disallowance u/s 14A - expenses towards exempted income - AO could not have straightaway resorted to Rule 8D(2)(iii) of the Rules in order to compute the disallowance u/s 14A - AT en-us Sat, 05 May 2018 12:58:59 +0530 Sat, 05 May 2018 12:58:59 +0530 TaxTMI RSS Generator AO Cannot Directly Apply Rule 8D(2)(iii) for Disallowance u/s 14A on Exempt Income Expenses. https://www.taxtmi.com/highlights?id=39263 Disallowance u/s 14A - expenses towards exempted income - AO could not have straightaway resorted to Rule 8D(2)(iii) of the Rules in order to compute the disallowance u/s 14A - AT Highlights Income Tax Sat, 05 May 2018 12:58:59 +0530 https://www.taxtmi.com/highlights?id=39263