https://www.taxtmi.com/caselaws?id=389108 Periodic replacement of obsolete or faulty electricity meters was treated as revenue expenditure because it maintained business efficiency without increasing capacity. On section 80IA, earlier year findings in the assessee's own case were followed, so apportionment of head office expenses to eligible units was not warranted. For section 14A read with Rule 8D, interest disallowance was deleted where own funds covered the investments, while the indirect expenditure component was confined to investments that actually yielded exempt income. For section 115JB, the adjustment was limited to actual expenditure debited for earning exempt income, and Rule 8D could not be directly imported. en-us Wed, 06 Nov 2019 00:00:00 +0530 Sat, 30 Nov 2019 09:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389108 Periodic replacement of obsolete or faulty electricity meters was treated as revenue expenditure because it maintained business efficiency without increasing capacity. On section 80IA, earlier year findings in the assessee's own case were followed, so apportionment of head office expenses to eligible units was not warranted. For section 14A read with Rule 8D, interest disallowance was deleted where own funds covered the investments, while the indirect expenditure component was confined to investments that actually yielded exempt income. For section 115JB, the adjustment was limited to actual expenditure debited for earning exempt income, and Rule 8D could not be directly imported. Case-Laws Income Tax Wed, 06 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389108