https://www.taxtmi.com/caselaws?id=289670 Rule 8D applies to disallowance of expenditure relating to exempt income only from assessment year 2008-09 and cannot support a section 14A disallowance for assessment year 2006-07. For earlier years, the disallowance requires fresh consideration without applying Rule 8D. Interest dues relating to non-performing assets qualify as bad debts where they were previously taxed on an accrual basis and are written off as irrecoverable in the accounts. Actual irrecoverability need not be separately proved once the accounting write-off satisfies the statutory requirement. en-us Wed, 21 Nov 2012 00:00:00 +0530 Thu, 13 Aug 2020 14:07:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289670 Rule 8D applies to disallowance of expenditure relating to exempt income only from assessment year 2008-09 and cannot support a section 14A disallowance for assessment year 2006-07. For earlier years, the disallowance requires fresh consideration without applying Rule 8D. Interest dues relating to non-performing assets qualify as bad debts where they were previously taxed on an accrual basis and are written off as irrecoverable in the accounts. Actual irrecoverability need not be separately proved once the accounting write-off satisfies the statutory requirement. Case-Laws Income Tax Wed, 21 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289670