Supreme Court upholds – no 14A disallowance where investment in shares is made out of excess common funds

Section 14A was introduced in the Income-tax Act, 1961 (the Act) by the Finance Act, 2001 with retrospective effect from 1 April 1962.Section 14A was introduced in the Income-tax Act, 1961 (the Act) by the Finance Act, 2001 with retrospective effect from 1 April 1962.taxmann.com Latest ArticlesRead More

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