Recent Important Judgements On Disallowance u/s 14A And Rule 8D
Section 14A and Rule 8D, which disallow expenditure incurred in respect of tax-free income, have been a major bone of contention between the taxpayers and the income-tax department. There are a number of conflicting judgements on the issue. The author has carefully analyzed all the recent important judgements on the issue, identified their core ratio, and provided valuable guidance on the present state of the law.
A pdf copy of the article is available for download.
Regards,
Editor,
---------------------
Latest:
DIT (E) vs. Ahmedabad Management Association (Gujarat High Court)
Proviso to s. 2(15) which denies exemption to a charitable institution carrying on commercial activities does not apply to institutions carrying out relief to the poor, education or medical relief but applies only to those carrying out "advancement of any other object of general public utility"
__._,_.___
No comments:
Post a Comment