https://www.taxtmi.com/caselaws?id=447029 HC held that Section 14A requires the AO to record satisfaction before invoking Rule 8D; ITAT correctly deleted the disallowance as investments were from interest-free own funds and disallowance cannot exceed exempt income. No MAT addition warranted on Section 14A calculations. Under Section 80IA(8) market value may substitute actual consideration where intra-company supply differs from market value. Receipts from carbon credits are revenue in nature. In view of relevant precedents, no substantial question of law arose and the revenue appeal was dismissed. en-us Tue, 05 Sep 2023 00:00:00 +0530 Wed, 17 Sep 2025 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447029 HC held that Section 14A requires the AO to record satisfaction before invoking Rule 8D; ITAT correctly deleted the disallowance as investments were from interest-free own funds and disallowance cannot exceed exempt income. No MAT addition warranted on Section 14A calculations. Under Section 80IA(8) market value may substitute actual consideration where intra-company supply differs from market value. Receipts from carbon credits are revenue in nature. In view of relevant precedents, no substantial question of law arose and the revenue appeal was dismissed. Case-Laws Income Tax Tue, 05 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447029