Friends
A company dealing in software exports claimed section 10A deduction for AY 10-11.
Can the AO invoke section 14A and disallow expenses incurred in relation to income not forming part of total income.
What could be the possible defences of the assessee.
Regards,
As per my knowledge sec.14 a is deal for the income only which not become the part of the total income.in case sec.10a 14 a cannot be applicable because in 10a first the income form part of total income and than deduction is allowed.
Shyam Joshi & Associates
Pune
B.Com
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Shaswat initial support private limited
Ahmedabad
CS
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BHUPINDER SHAH AND COMPANY
New Delhi
CA Inter
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CAclubindia
