https://www.taxtmi.com/caselaws?id=777665 The assessee's disallowance relating to exempt income was accepted because it was computed on a scientific basis by allocating salary cost for investment-related personnel and factoring in time spent on purchase and sale transactions. On those facts, there was no basis to invoke the statutory machinery under section 14A(2) read with Rule 8D(ii) to enhance the disallowance, and the further addition was deleted in favour of the assessee. en-us Mon, 13 Jan 2025 00:00:00 +0530 Wed, 03 Sep 2025 08:19:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777665 The assessee's disallowance relating to exempt income was accepted because it was computed on a scientific basis by allocating salary cost for investment-related personnel and factoring in time spent on purchase and sale transactions. On those facts, there was no basis to invoke the statutory machinery under section 14A(2) read with Rule 8D(ii) to enhance the disallowance, and the further addition was deleted in favour of the assessee. Case-Laws Income Tax Mon, 13 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777665