Section 14A and Rule 8D: Mixed Accounts Complicate Expense Allocation for Dividend Income Claims.

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....Application of section 14A r.w rule 8D – When there is a mixed account and the assessee is carrying on the business, it is practically impossible to specify which particular portion of the expenditure was incurred for the purpose of earning dividend income - the assertion of the assessee that no expenditure was incurred for earning of dividend income is a bald assertion - AT....