Supreme Court affirms no Section 14A disallowance without exempt income and allows premises vacation fee as revenue expense
Supreme Court affirms no Section 14A disallowance without exempt income and allows premises vacation fee as revenue expense Issue Issue 1: Whether any disallowance under Section 14A can be made when no exempt income was earned by the assessee during the relevant assessment year. Issue 2: Whether compensation paid for vacating premises to secure it… Read More »