https://www.taxtmi.com/caselaws?id=777678 Reasonable and bona fide apportionment of treasury salary and overhead expenditure attributable to exempt income supports a suo motu disallowance under section 14A. Rule 8D should not be invoked mechanically merely because separate books are not maintained; the disallowance was deleted to the extent of the reasonable computation. Profits of a captive power undertaking eligible for deduction under section 80IA are to be computed using the tariff value where electricity duty is separately levied on the consumer. Reducing that duty as an additional generation cost would be revenue neutral and was unjustified. en-us Tue, 26 Aug 2025 00:00:00 +0530 Wed, 03 Sep 2025 08:19:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777678 Reasonable and bona fide apportionment of treasury salary and overhead expenditure attributable to exempt income supports a suo motu disallowance under section 14A. Rule 8D should not be invoked mechanically merely because separate books are not maintained; the disallowance was deleted to the extent of the reasonable computation. Profits of a captive power undertaking eligible for deduction under section 80IA are to be computed using the tariff value where electricity duty is separately levied on the consumer. Reducing that duty as an additional generation cost would be revenue neutral and was unjustified. Case-Laws Income Tax Tue, 26 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777678