https://www.taxtmi.com/highlights?id=42059 Disallowance u/s 14A - The expenses inter alia included items such audit fees, ROC expenses etc. which were required to be incurred to maintain corporate identity of the appellant. Such expenses were required to be incurred irrespective whether tax free or taxable income was earned - mechanical application of Rule 8D(2)(iii) in the present case leads to absurd results. en-us Mon, 15 Oct 2018 14:14:24 +0530 Mon, 15 Oct 2018 14:14:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=42059 Disallowance u/s 14A - The expenses inter alia included items such audit fees, ROC expenses etc. which were required to be incurred to maintain corporate identity of the appellant. Such expenses were required to be incurred irrespective whether tax free or taxable income was earned - mechanical application of Rule 8D(2)(iii) in the present case leads to absurd results. Highlights Income Tax Mon, 15 Oct 2018 14:14:24 +0530 https://www.taxtmi.com/highlights?id=42059