Taxability of Interest on enhanced compensation arising on compulsory acquisition of agricultural land
Section 14A cannot be invoked where no exempt income was earned by assessee in relevant assessment year.
CBDT has issued Standard Operating Procedure (SOP) which need to be followed for ITR Processing or assessment in suspected Fraud case.
After amendment of year 1988 carried out in section 2 (22) (e), ‘shareholder’ has only to be a person who is beneficial owner of shares.