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Judgements by Apurba Ghosh

Until and unless there was actual expenditure for earning the exempted income there could not be any disallowance under sec 14A

Apurba Ghosh 11 January 2012 at 12:08

The short issue involved in these appeals is: whether common expenses incurred by an assessee can be allocated towards taxable and non-taxable income under the provisions of Section 14A of the Income Tax Act, 1961 (hereinafter referred to as the „I.T

Posted in Income Tax | 1550 Views

When Rule 8D is not applicable the provision of sec 14A is to be followed and AO is duty bound to determine the expenses related to particular income

Apurba Ghosh 11 January 2012 at 12:08

Briefly stated facts of the case are that the assessee company is engaged in the business of Trading in Electric Motors, Fans, Laboratory equipments and generation of Wind Power filed return declaring total income at Rs.11,60,151/-. During the course

Posted in Income Tax | 2244 Views