https://www.taxtmi.com/caselaws?id=375358 A disallowance under section 14A read with Rule 8D cannot exceed the exempt dividend income actually earned, so the adjustment is confined to that exempt income. Credit card swiping charges paid to a bank were treated as bank/service charges, not commission under section 194H, and the corresponding disallowance under section 40(a)(ia) was deleted. The question of adding interest income on an income-tax refund was not finally determined and was remanded for fresh factual verification by the Assessing Officer. en-us Wed, 12 Dec 2018 00:00:00 +0530 Mon, 18 Feb 2019 06:37:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375358 A disallowance under section 14A read with Rule 8D cannot exceed the exempt dividend income actually earned, so the adjustment is confined to that exempt income. Credit card swiping charges paid to a bank were treated as bank/service charges, not commission under section 194H, and the corresponding disallowance under section 40(a)(ia) was deleted. The question of adding interest income on an income-tax refund was not finally determined and was remanded for fresh factual verification by the Assessing Officer. Case-Laws Income Tax Wed, 12 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375358