https://www.taxtmi.com/caselaws?id=338412 Section 14A disallowance was held unsustainable where exempt mutual fund income was directly credited and no relatable expenditure was shown; the Rule 8D computation was set aside and the matter remanded for reassessment after hearing. Leasehold improvement costs for cabling, flooring, partitions, fixtures and electrical work in rented premises were treated as revenue expenditure, and the capital disallowance was deleted. Depreciation on software claimed with reference to earlier years was also sent back for fresh adjudication, following the assessee's earlier similar matter. en-us Fri, 25 Nov 2016 00:00:00 +0530 Wed, 01 Feb 2017 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338412 Section 14A disallowance was held unsustainable where exempt mutual fund income was directly credited and no relatable expenditure was shown; the Rule 8D computation was set aside and the matter remanded for reassessment after hearing. Leasehold improvement costs for cabling, flooring, partitions, fixtures and electrical work in rented premises were treated as revenue expenditure, and the capital disallowance was deleted. Depreciation on software claimed with reference to earlier years was also sent back for fresh adjudication, following the assessee's earlier similar matter. Case-Laws Income Tax Fri, 25 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338412