No Section 14A disallowance without exempt income and premises vacation compensation is allowable revenue expenditure.
No Section 14A disallowance without exempt income and premises vacation compensation is allowable revenue expenditure. Issue Whether any disallowance under Section 14A read with Rule 8D can be made in an assessment year where the assessee has earned no exempt income. Whether compensation paid by an assessee to secure vacant possession of premises taken on… Read More »