https://www.taxtmi.com/caselaws?id=362456 The Court partially allowed the appeals in a case involving disallowance of expenditure for earning exempt income under Section 14A of the Income Tax Act. The disallowance under Section 14A was found excessive and not in line with Rule 8D, remanding the matter for re-computation. Additionally, the disallowance of excess claim of deduction under Section 36(1)(viii) was upheld, rejecting the assessee's method of artificially increasing profits for claiming higher deductions. The Court did not award any costs in this matter. en-us Mon, 28 May 2018 00:00:00 +0530 Tue, 17 Feb 2026 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362456 The Court partially allowed the appeals in a case involving disallowance of expenditure for earning exempt income under Section 14A of the Income Tax Act. The disallowance under Section 14A was found excessive and not in line with Rule 8D, remanding the matter for re-computation. Additionally, the disallowance of excess claim of deduction under Section 36(1)(viii) was upheld, rejecting the assessee's method of artificially increasing profits for claiming higher deductions. The Court did not award any costs in this matter. Case-Laws Income Tax Mon, 28 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362456