THE SOUTH INDIAN BANK LTD. vs. THE COMMISSIONER OF INCOME TAX
C.A. No.-009606-009606 - 2011Supreme Court09 Sept 2021
Bench: HON'BLE MR. JUSTICE HRISHIKESH ROY
Section 14Section 14A
Capital
Gains & Income from other sources. The Section 14A relates
to expenditure incurred in relation to income which are not
includable in Total Income and which are exempted from tax.
No taxes are therefore levied on such exempted income. The
Section 14A had been incorporated in the Income Tax Act to
ensure that expenditure incurred in generating such tax
exempted
