https://www.taxtmi.com/caselaws?id=195116 Where an assessee's own funds exceeded the investments, interest expenditure was held not attributable for disallowance under section 14A read with Rule 8D. The disallowance was also confined to the actual expenditure incurred and claimed, so the Assessing Officer had to recompute it by considering only the identified expenditure items, including the assessee's suo motu disallowances. The result was a restricted disallowance with no inclusion of interest on the facts recorded. en-us Wed, 05 Nov 2014 00:00:00 +0530 Mon, 16 Oct 2017 09:15:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195116 Where an assessee's own funds exceeded the investments, interest expenditure was held not attributable for disallowance under section 14A read with Rule 8D. The disallowance was also confined to the actual expenditure incurred and claimed, so the Assessing Officer had to recompute it by considering only the identified expenditure items, including the assessee's suo motu disallowances. The result was a restricted disallowance with no inclusion of interest on the facts recorded. Case-Laws Income Tax Wed, 05 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195116