High Courts Rule: No Disallowance of Expenses u/r 8D if No Exempt Income Earned by Assessee.

High Courts Rule: No Disallowance of Expenses u/r 8D if No Exempt Income Earned by Assessee. https://www.taxtmi.com/highlights?id=47219 Disallowance u/s 14A - Several High Courts have taken a view that where the assessee had not earned exempt income, disallowance of expenditure under Rule 8D of the Income Tax Rules, 1962, would not be permissible en-us Sat, 15 Jun 2019 07:51:03 +0530 Sat, 15 Jun 2019 07:51:03 +0530 TaxTMI RSS Generator High Courts Rule: No Disallowance of Expenses u/r 8D if No Exempt Income Earned by Assessee. https://www.taxtmi.com/highlights?id=47219 Disallowance u/s 14A - Several High Courts have taken a view that where the assessee had not earned exempt income, disallowance of expenditure under Rule 8D of the Income Tax Rules, 1962, would not be permissible Highlights Income Tax Sat, 15 Jun 2019 07:51:03 +0530 https://www.taxtmi.com/highlights?id=47219