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Income Tax | Can a Taxpayer Be Held to an Excess Section 14A Disallowance Made in Its Own Return?
ITAT Mumbai restricted Section 14A disallowance to ₹36,227 exempt income despite assessee suo motu disallowing ₹12.77 lakh in return. The post Can a Taxpayer Be Held to an Excess Section 14A Disallowance Made in Its Own Return? appeared first on TaxGuru .
Attribution
Original credit: CA Vijayakumar Shetty. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.
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