https://www.taxtmi.com/article/detailed?id=15350 Disallowance of expenditure relating to non taxable income must be confined to expenses attributable to investments that yield exempt income during the year; where the assessee's own funds exceed investments, a presumption supports that investments were funded from own funds and proportionate disallowance under the prescribed method is not warranted merely on total investment balances. en-us Wed, 05 Nov 2025 08:36:26 +0530 Wed, 05 Nov 2025 08:36:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15350 Disallowance of expenditure relating to non taxable income must be confined to expenses attributable to investments that yield exempt income during the year; where the assessee's own funds exceed investments, a presumption supports that investments were funded from own funds and proportionate disallowance under the prescribed method is not warranted merely on total investment balances. Articles Income Tax Wed, 05 Nov 2025 08:36:26 +0530 https://www.taxtmi.com/article/detailed?id=15350