3 results for “disallowance”+ Section 14A(3)clear
Sorted by relevance
3) of the Income Tax Act, 1961 (hereinafter referred to as “the Act”). The statutory scheme as delineated by Section 14A has to be understood before correctly appreciating the nature and purport of Rule 8D. Section 14A was first inserted by Finance Act, 2001 with retrospective effect w.e.f. 01.04.1962. Section 14A as originally inserted reads as under: “14A. Expenditure incurred