https://www.taxtmi.com/caselaws?id=275782 Under section 14A read with rule 8D, a voluntary disallowance made by the assessee was accepted as reasonable where it identified expenditure relatable to exempt income and the remaining administrative expense adjustment was not supported by recorded dissatisfaction. The Tribunal noted that some expense heads and branch-level costs were not linked to investment activity, that the suo motu disallowance was substantial, and that the Assessing Officer had not shown the assessee's working to be incorrect or unreasonable. Following its earlier order on similar facts, the further disallowance was deleted. en-us Wed, 12 Apr 2017 00:00:00 +0530 Wed, 17 Oct 2018 07:40:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275782 Under section 14A read with rule 8D, a voluntary disallowance made by the assessee was accepted as reasonable where it identified expenditure relatable to exempt income and the remaining administrative expense adjustment was not supported by recorded dissatisfaction. The Tribunal noted that some expense heads and branch-level costs were not linked to investment activity, that the suo motu disallowance was substantial, and that the Assessing Officer had not shown the assessee's working to be incorrect or unreasonable. Following its earlier order on similar facts, the further disallowance was deleted. Case-Laws Income Tax Wed, 12 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275782