https://www.taxtmi.com/caselaws?id=252519 Receipts from a business service centre are to be segregated between lease rent and service charges where the lease and service components are distinct; the ruling applies consistency with the assessee's earlier years and rejects treating the entire receipt as house property income. Disallowance under section 40(a)(ia) is not warranted where tax deducted at source is deposited before the due date for filing the return, as the provision is read remedially to treat compliance up to the return-filing deadline as sufficient. For section 14A read with rule 8D, investments that do not yield exempt income, including foreign company investments, are to be excluded, and no interest disallowance arises where own funds are for the exempt-income investments. en-us Fri, 17 Oct 2014 00:00:00 +0530 Tue, 28 Oct 2014 07:32:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252519 Receipts from a business service centre are to be segregated between lease rent and service charges where the lease and service components are distinct; the ruling applies consistency with the assessee's earlier years and rejects treating the entire receipt as house property income. Disallowance under section 40(a)(ia) is not warranted where tax deducted at source is deposited before the due date for filing the return, as the provision is read remedially to treat compliance up to the return-filing deadline as sufficient. For section 14A read with rule 8D, investments that do not yield exempt income, including foreign company investments, are to be excluded, and no interest disallowance arises where own funds are for the exempt-income investments. Case-Laws Income Tax Fri, 17 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252519