Sec. 14A of Income-tax Act, 1961 — Expenditure incurred in relation to income not forming part of total income — For the purposes of computing the total income , no deduction shall be allowed in respect of the expenditure incurred by the assessee in relation of the income which does not form part of his total income. The expenditure, the return of investment and cost of requisition are distinct concepts, therefore the word 'incurred' in s. 14A have to be read in the context of the scheme of the Act and if so read, it is clear that it disallows certain expenditures incurred to earn exempt income from being deducted from other incomes which is includible in the total income for the purposes of chargeability to the tax and the case of assessee pertains to income on dividend, which by no stretch of imagination can be treated to be an expenditure to attract the provisions of s. 14A— CIT Vs. Syndicate Bank [2020] 313 CTR 76 (KARN)