https://www.taxtmi.com/caselaws?id=34449 Section 14A applies only to expenditure incurred to earn income excluded from total income, as reflected in Section 10. A bad debt write-off linked to export and a deduction claimed under Section 80HHC is not expenditure incurred to earn exempt income, because Section 80HHC operates as a profit-based deduction mechanism rather than an exclusion from total income. The Punjab and Haryana High Court therefore held that the premise for invoking Section 14A was absent, and the disallowance of the bad debt write-off was not justified; the assessee was entitled to relief. en-us Tue, 25 Aug 2009 00:00:00 +0530 Fri, 29 Jan 2010 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34449 Section 14A applies only to expenditure incurred to earn income excluded from total income, as reflected in Section 10. A bad debt write-off linked to export and a deduction claimed under Section 80HHC is not expenditure incurred to earn exempt income, because Section 80HHC operates as a profit-based deduction mechanism rather than an exclusion from total income. The Punjab and Haryana High Court therefore held that the premise for invoking Section 14A was absent, and the disallowance of the bad debt write-off was not justified; the assessee was entitled to relief. Case-Laws Income Tax Tue, 25 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34449