https://www.taxtmi.com/caselaws?id=463992 ITAT DELHI held that where the assessee earned exempt dividend income of Rs.2,000 and had not disallowed any expenditure against it, Rule 8D disallowance could only be restricted to the amount of exempt income. Relying on the Tribunal's earlier order for the assessee and the Delhi HC decision in Joint Investment Pvt. Ltd., the tribunal ruled in favor of the assessee and against the revenue. en-us Wed, 31 Jan 2018 00:00:00 +0530 Thu, 25 Sep 2025 19:05:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463992 ITAT DELHI held that where the assessee earned exempt dividend income of Rs.2,000 and had not disallowed any expenditure against it, Rule 8D disallowance could only be restricted to the amount of exempt income. Relying on the Tribunal's earlier order for the assessee and the Delhi HC decision in Joint Investment Pvt. Ltd., the tribunal ruled in favor of the assessee and against the revenue. Case-Laws Income Tax Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463992