https://www.taxtmi.com/acts?id=49011 Clause 14 prohibits deductions for expenditure incurred in relation to income that does not form part of the total income for computing total income. If the Assessing Officer is not satisfied with the correctness of claimed expenditure or the claim that no expenditure was incurred, he may determine the expenditure amount by any prescribed method. The provision also applies where expenditure is incurred in a tax year for income that has not accrued, arisen, or been received in that year. en-us Fri, 14 Feb 2025 16:04:24 +0530 Fri, 14 Feb 2025 16:04:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49011 Clause 14 prohibits deductions for expenditure incurred in relation to income that does not form part of the total income for computing total income. If the Assessing Officer is not satisfied with the correctness of claimed expenditure or the claim that no expenditure was incurred, he may determine the expenditure amount by any prescribed method. The provision also applies where expenditure is incurred in a tax year for income that has not accrued, arisen, or been received in that year. Act-Rules Bills Fri, 14 Feb 2025 16:04:24 +0530 https://www.taxtmi.com/acts?id=49011