If no exempt income is received or receivable on exempt income, no disallowance u/s 14A is warranted.
0
If no exempt income is received or receivable on exempt income, no disallowance u/s 14A is warranted. Here is…
no exempt income no 14A
Recent Posts
- Income Tax Authorities are not bound by the rules of evidence & so Section 65B of the Evidence Act does not: Madras HC
- When a power is conferred to perform a particular function in a specified manner, it must be exercised only in that manner or not at all: Raipur ITAT
- An overview of latest Amendment in Tax Audit Report in Form No. 3CD
- Whether the Assessing Officer can enquire into those issues which were beyond the scope of limited scrutiny?
- No Immunity from addition under Section 68 even if taxpayers opts for presumptive scheme of taxation under section 44AD
- Whether ITC can be denied for incorrect GSTIN mentioned on the Invoice/GST Portal due to inadvertent error by supplier?
- No direct evidence linked assessee to bogus LTCG: Nagpur ITAT deleted addition
- Bombay HC Imposes Interest on Income Tax Officer for Refund Delay
- No separate bank account for private placement of funds – ROC imposed penalty of Rs. 30 Lakh.
- “Words May Deny, Actions Condone” – Hyderabad ITAT Remands Rental Income Addition for Reassessment
