A two-judge bench of the Gujarat High Court has held that the mere existence of mixed fund would not automatically attract disallowance under section 14A of the Income Tax Act, 1961. During the relevant year, the assessee made disallowance under section 14A on a suo motu basis and filed its return. The Assessing Officer even […]
The post Mere Existence of Mixed Fund do not Automatically attract Disallowance u/s 14A: Gujarat High Court [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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