#Section 14A
Log in to FollowDisallowance under Section 14A of Income TAx Act, 1961
Income Tax
Income Tax
Reopening of assessment for mere change of opinion untenable in law
Income Tax
Income Tax
Disallowance u/s 14A restricted to amount of exempt income
Income Tax
Income Tax
Expense reduced from export turnover should also be reduced from total turnover for calculating deduction u/s 10AA
Income Tax
Income Tax
Shares can be hold as both investment and stock-in-trade
Income Tax
Income Tax
Interest on funds borrowed for business project is allowable u/s 36(1)(iii)
Income Tax
Income Tax
Proportionate disallowance u/s. 14A unwarranted for investments made in tax free bonds
Income Tax
Income Tax
Rejection of disallowance offered u/s 14A after due application of mind is acceptable
Income Tax
Income Tax
ITAT directs AO to restrict disallowance to those investments which earned dividend income
Income Tax
Income Tax
If assessee not earned exempted income, there cannot be section 14A disallowance
Income Tax
Income Tax
Disallowance u/s 14A untenable for non-satisfying the formula contained in rule 8D
Income Tax
Income Tax
Adjustment for disallowance u/s 14A to book profits u/s 115JB is untenable
Income Tax
Income Tax
Disallowance u/s 14A cannot exceed exempt income amount
Income Tax
Income Tax
Amendment to section 14A of Income Tax Act has prospective effect
Income Tax
Income Tax
