Processed Statutory Explanation Does Not Apply Retrospectively To Disallow Expenditure Without Exempt Income Earned
Processed Statutory Explanation Does Not Apply Retrospectively To Disallow Expenditure Without Exempt Income Earned Issue Whether the Explanation inserted in Section 14A of the Income-tax Act, 1961 by the Finance Act, 2022 applies retrospectively to Assessment Year 2014-15. Whether any disallowance under Section 14A read with Rule 8D can be made or sustained when no… Read More »