Section 14A-Artificial Apportionment of Expenses not allowed

Last updated: 07 May 2009

Court :
Delhi High Court

Brief :
In the absence of any specific finding that any particular expenditure was incurred by the assessee in relation to exempted dividend income, no artificial disallowance can be made invoking section 14A of the Act.

Citation :
CIT vs Hindustan Co-op. Society Services Co. Ltd. [2008] 170 TAXMAN 458 (DELHI)

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sanjeev
Published in Income Tax
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