Expenses Unrelated to Investment Activities Not Disallowed u/s 14A, Rule 8D(2)(iii) for Exempt Income.

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....Disallowance as per section 14A r.w.Rule 8D(2)(iii) - the expenses on account of auditor fee, legal and professional fees, profession tax, business support fees cannot be said to have any direct or proximate nexus with the activity of investment or earning the exempt income. - AT....