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Disallowance u/s 14 a of itact
Whether investment in partnership firms will be considered for disallowance u/s 14 a of IT Act.
Replies (1)
dear Lokesh,
see in case of HOLCIM INDIA PVT LTD. it was held that expenditure on investment by holding company are not disallowable expenditure u/s 14a, even if such holding company not connecting / commencing any business such expenditure is fully allowable as deduction.
so any expenditure by u on making such investment shall be allowed u, even if ur contention is only getting dividend/intrest from it.
hope it will help u
feel free to ask further
harshit
see in case of HOLCIM INDIA PVT LTD. it was held that expenditure on investment by holding company are not disallowable expenditure u/s 14a, even if such holding company not connecting / commencing any business such expenditure is fully allowable as deduction.
so any expenditure by u on making such investment shall be allowed u, even if ur contention is only getting dividend/intrest from it.
hope it will help u
feel free to ask further
harshit
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