https://www.taxtmi.com/highlights?id=65623 Disallowance u/s 14A r.w.r 8D - AO observed that exempt income cannot be earned without making any expenses - the assessee has only tried to explain that no expense was incurred qua interest from tax free bonds and dividend income. However, nowhere explained as to how the long-term capital gains was earned. - AT en-us Wed, 14 Sep 2022 13:31:40 +0530 Wed, 14 Sep 2022 13:31:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65623 Disallowance u/s 14A r.w.r 8D - AO observed that exempt income cannot be earned without making any expenses - the assessee has only tried to explain that no expense was incurred qua interest from tax free bonds and dividend income. However, nowhere explained as to how the long-term capital gains was earned. - AT Highlights Income Tax Wed, 14 Sep 2022 13:31:40 +0530 https://www.taxtmi.com/highlights?id=65623