Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
20 June 2012Friends
A company dealing in software exports claimed section 10A deduction for AY 10-11.
Can the AO invoke section 14A and disallow expenses incurred in relation to income not forming part of total income.
What could be the possible defences of the assessee.
Regards,
CA sanjeev goyal
(senior excutive)
(100 Points)
Replied 21 June 2012
As per my knowledge sec.14 a is deal for the income only which not become the part of the total income.in case sec.10a 14 a cannot be applicable because in 10a first the income form part of total income and than deduction is allowed.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
