https://www.taxtmi.com/caselaws?id=464431 Section 14A read with rule 8D could not be used to enhance a disallowance where the assessee had already made a suo motu disallowance and the Assessing Officer had not recorded cogent dissatisfaction with that figure. The Assessing Officer made no specific identification of further expenditure and gave no reasoned basis for rejecting the assessee's computation, even though the exempt income arose from investments in a subsidiary. On that basis, the additional disallowance was deleted in favour of the assessee. en-us Tue, 28 Nov 2023 00:00:00 +0530 Wed, 29 Oct 2025 11:53:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464431 Section 14A read with rule 8D could not be used to enhance a disallowance where the assessee had already made a suo motu disallowance and the Assessing Officer had not recorded cogent dissatisfaction with that figure. The Assessing Officer made no specific identification of further expenditure and gave no reasoned basis for rejecting the assessee's computation, even though the exempt income arose from investments in a subsidiary. On that basis, the additional disallowance was deleted in favour of the assessee. Case-Laws Income Tax Tue, 28 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464431