https://www.taxtmi.com/caselaws?id=780190 ITAT DELHI deleted the disallowance under section 14A r.w. r. 8D, finding no requisite correlation with exempt income. Brokerage fees paid in the ordinary course of the property-rental business were upheld and related disallowances for the relevant assessment years were deleted. Deductions under section 80IAB were allowed for car-parking rental income on facts indistinguishable from prior favourable orders. Settlement payments for premature termination of service contracts were held to be revenue expenditure incurred for commercial expediency, not capital acquisition, and therefore allowable rather than disallowable. en-us Fri, 29 Aug 2025 00:00:00 +0530 Thu, 16 Oct 2025 11:46:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780190 ITAT DELHI deleted the disallowance under section 14A r.w. r. 8D, finding no requisite correlation with exempt income. Brokerage fees paid in the ordinary course of the property-rental business were upheld and related disallowances for the relevant assessment years were deleted. Deductions under section 80IAB were allowed for car-parking rental income on facts indistinguishable from prior favourable orders. Settlement payments for premature termination of service contracts were held to be revenue expenditure incurred for commercial expediency, not capital acquisition, and therefore allowable rather than disallowable. Case-Laws Income Tax Fri, 29 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780190