Income Tax | Section 14A Disallowance Cannot Exceed Exempt Income: ITAT Ahmedabad
ITAT Ahmedabad upheld reopening but reduced Section 14A disallowance from Rs. 27.38 lakh to Rs. 1.66 lakh, limiting it to exempt dividend income. The post Section 14A Disallowance Cannot Exceed Exempt Income: ITAT Ahmedabad 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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