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Expenses disallowed

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(Querist)
13 August 2013 Expense against which there is no income in particular year. Does such expense were disallowed??? if yes then under which section?? does the assessing officer have authority to levy penalty on same???
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
13 August 2013 Please give specific instance. A better reply can be given as compared to a general reply.

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