https://www.taxtmi.com/caselaws?id=780058 ITAT, Del. partly allowed the appeal. It directed the AO to compute disallowance under s.14A r/w Rule 8D using net interest (interest paid minus interest earned) and to calculate average investment value including only those investments that actually yielded exempt income. If the disallowance computed per these directions is lower than the amount the assessee voluntarily disallowed in the return, the higher self-disallowed amount shall prevail. The matter was remitted with these directions and the appeal was allowed in part for statistical purposes. en-us Wed, 15 Oct 2025 00:00:00 +0530 Fri, 17 Oct 2025 08:08:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780058 ITAT, Del. partly allowed the appeal. It directed the AO to compute disallowance under s.14A r/w Rule 8D using net interest (interest paid minus interest earned) and to calculate average investment value including only those investments that actually yielded exempt income. If the disallowance computed per these directions is lower than the amount the assessee voluntarily disallowed in the return, the higher self-disallowed amount shall prevail. The matter was remitted with these directions and the appeal was allowed in part for statistical purposes. Case-Laws Income Tax Wed, 15 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780058