Monday, 5 January 2015

AO can’t make sec. 14A disallowance before discharging onus that exp. has been incurred on exempt in

IT : Where assessee had not claimed any expenditure in relation to exempt income, onus is on Assessing Officer to prove that out of expenditure incurred under various heads, some were related to earning of exempt income and not only this he has also to give basis of such calculation


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