https://www.taxtmi.com/caselaws?id=360982 Disallowance under section 14A read with Rule 8D(2) must be computed on the correct factual basis, using dividend-bearing investments for the administrative expenditure limb and not exceeding the dividend income; the amount originally adopted was therefore directed to be recomputed, giving partial relief. For computation of book profits under section 115JB, the reduction for unabsorbed depreciation had to be verified from the books and the relevant loss schedule because the figures differed; that issue was remanded for factual verification and fresh recalculation. en-us Fri, 25 May 2018 00:00:00 +0530 Sat, 26 May 2018 08:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360982 Disallowance under section 14A read with Rule 8D(2) must be computed on the correct factual basis, using dividend-bearing investments for the administrative expenditure limb and not exceeding the dividend income; the amount originally adopted was therefore directed to be recomputed, giving partial relief. For computation of book profits under section 115JB, the reduction for unabsorbed depreciation had to be verified from the books and the relevant loss schedule because the figures differed; that issue was remanded for factual verification and fresh recalculation. Case-Laws Income Tax Fri, 25 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360982