https://www.taxtmi.com/caselaws?id=284150 The notes explain that section 14A read with Rule 8D requires factual examination of the nexus with exempt income, and such disallowance cannot be mechanically added to book profit under section 115JB unless the statute permits it. Royalty paid for non-exclusive use of a logo is treated as revenue expenditure, while statutory transfers to reserve funds are treated as application of income rather than deductible diversion by overriding title. Interest under section 234D is not deductible, and the section 40(a)(ia) and bad-debt claims require fresh factual verification. en-us Mon, 01 May 2017 00:00:00 +0530 Mon, 04 Nov 2019 06:31:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284150 The notes explain that section 14A read with Rule 8D requires factual examination of the nexus with exempt income, and such disallowance cannot be mechanically added to book profit under section 115JB unless the statute permits it. Royalty paid for non-exclusive use of a logo is treated as revenue expenditure, while statutory transfers to reserve funds are treated as application of income rather than deductible diversion by overriding title. Interest under section 234D is not deductible, and the section 40(a)(ia) and bad-debt claims require fresh factual verification. Case-Laws Income Tax Mon, 01 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284150