244 results for “disallowance”+ Section 55clear
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Bench: Shri George Mathan, Jm & Shri Ramit Kochar, Am
Section 14A can only be applied to disallow expenditureincurred in relation to earning of an exempt income. It was submitted by ld. Counsel for the assessee that the Ld.CIT(A) rightly deleted the disallowance to the tune of Rs. 1,83,55