https://www.taxtmi.com/caselaws?id=780489 ITAT, Chandigarh (AT) allowed the appeal. Disallowance under s.14A read with r.8D was deleted as assessee's own funds exceeded investments, permitting presumption investments were from own funds. Addition for excessive commission was rejected where rates were board-approved, longstanding and parties not related. Interest disallowances under s.36(1)(iii) on inter-company balances were deleted as regular business transactions, and suo-moto disallowances made in the return under r.8D(2)(ii)/(iii) were directed to be deleted or restricted. Rule 8D(2)(iii) computation is to include only investments that yielded exempt income; AO directed to verify calculations and delete resulting excessive additions. Advances to group concerns treated as commercial expediency; related interest disallowances deleted. en-us Mon, 08 Sep 2025 00:00:00 +0530 Fri, 31 Oct 2025 08:23:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780489 ITAT, Chandigarh (AT) allowed the appeal. Disallowance under s.14A read with r.8D was deleted as assessee's own funds exceeded investments, permitting presumption investments were from own funds. Addition for excessive commission was rejected where rates were board-approved, longstanding and parties not related. Interest disallowances under s.36(1)(iii) on inter-company balances were deleted as regular business transactions, and suo-moto disallowances made in the return under r.8D(2)(ii)/(iii) were directed to be deleted or restricted. Rule 8D(2)(iii) computation is to include only investments that yielded exempt income; AO directed to verify calculations and delete resulting excessive additions. Advances to group concerns treated as commercial expediency; related interest disallowances deleted. Case-Laws Income Tax Mon, 08 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780489