https://www.taxtmi.com/caselaws?id=780503 ITAT Del. (AT) quashed the AO's s.14A r/w Rule 8D disallowance against exempt dividend income for lack of nexus and required satisfaction, directing its deletion. Claims for leave encashment, actuarial pension contributions and PRMB were remanded to the AO for fresh adjudication. Expenditure on corporate club membership and business advertisements was allowed partly. The adjustment under s.36(1)(va) for delayed PF/ESIC deposits was upheld. Disallowance under s.40A(9) for grants to workers' association was remanded for factual verification and fresh decision. en-us Mon, 27 Oct 2025 00:00:00 +0530 Fri, 31 Oct 2025 08:23:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780503 ITAT Del. (AT) quashed the AO's s.14A r/w Rule 8D disallowance against exempt dividend income for lack of nexus and required satisfaction, directing its deletion. Claims for leave encashment, actuarial pension contributions and PRMB were remanded to the AO for fresh adjudication. Expenditure on corporate club membership and business advertisements was allowed partly. The adjustment under s.36(1)(va) for delayed PF/ESIC deposits was upheld. Disallowance under s.40A(9) for grants to workers' association was remanded for factual verification and fresh decision. Case-Laws Income Tax Mon, 27 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780503