https://www.taxtmi.com/caselaws?id=380264 Section 14A applied to exempt dividend income, but for Rule 8D(2)(iii) the disallowance had to be computed only with reference to investments that actually yielded exempt income during the year, following Vireet Investments. The plea that strategic investments were outside section 14A was rejected because Maxopp Investments foreclosed exclusion by that label alone. The quantum of disallowance was therefore set aside for fresh computation on the restricted base, with opportunity to the assessee. en-us Fri, 01 Mar 2019 00:00:00 +0530 Fri, 17 May 2019 09:00:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380264 Section 14A applied to exempt dividend income, but for Rule 8D(2)(iii) the disallowance had to be computed only with reference to investments that actually yielded exempt income during the year, following Vireet Investments. The plea that strategic investments were outside section 14A was rejected because Maxopp Investments foreclosed exclusion by that label alone. The quantum of disallowance was therefore set aside for fresh computation on the restricted base, with opportunity to the assessee. Case-Laws Income Tax Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380264