https://www.taxtmi.com/caselaws?id=348650 Section 14A read with Rule 8D cannot be applied unless there is a finding that expenditure was incurred to earn exempt income; where no such expenditure is claimed or identified, the disallowance is not sustainable. Electricity expense disallowance required reconsideration because material such as meter details, name change and address correction was not properly examined, so the issue was remitted for fresh verification. Ad hoc disallowances of motor car, depreciation and telephone s are not justified where the books of account are accepted, no specific defect is pointed out, and personal use is not supported by concrete evidence. en-us Thu, 21 Sep 2017 00:00:00 +0530 Mon, 25 Sep 2017 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348650 Section 14A read with Rule 8D cannot be applied unless there is a finding that expenditure was incurred to earn exempt income; where no such expenditure is claimed or identified, the disallowance is not sustainable. Electricity expense disallowance required reconsideration because material such as meter details, name change and address correction was not properly examined, so the issue was remitted for fresh verification. Ad hoc disallowances of motor car, depreciation and telephone s are not justified where the books of account are accepted, no specific defect is pointed out, and personal use is not supported by concrete evidence. Case-Laws Income Tax Thu, 21 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348650