https://www.taxtmi.com/caselaws?id=210967 Disallowance under section 14A and computation under Rule 8D may be invoked even where no exempt income was received, provided a direct or indirect nexus is established between the expenditure and the exempt income; legal principle from prior authorities requires factfinding on attributable managerial time and expenses before quantifying disallowance. The article emphasises that neither the AO nor the first appellate authority conducted adequate enquiries here, and therefore the matter requires remand for fresh hearing and detailed attribution analysis and, if warranted, calculation under the prescribed rule. en-us Mon, 09 Jan 2012 00:00:00 +0530 Wed, 03 Dec 2025 13:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210967 Disallowance under section 14A and computation under Rule 8D may be invoked even where no exempt income was received, provided a direct or indirect nexus is established between the expenditure and the exempt income; legal principle from prior authorities requires factfinding on attributable managerial time and expenses before quantifying disallowance. The article emphasises that neither the AO nor the first appellate authority conducted adequate enquiries here, and therefore the matter requires remand for fresh hearing and detailed attribution analysis and, if warranted, calculation under the prescribed rule. Case-Laws Income Tax Mon, 09 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210967