https://www.taxtmi.com/caselaws?id=780942 ITAT held that of total Rs.1,06,34,501, amounts of Rs.50,79,854 (education cess), Rs.23,25,150 (already disallowed), Rs.2,58,748 (depreciation), Rs.12,78,739 (property insurance and property tax) lack nexus with exempt-income earning, but remaining expenses show some nexus. Applying a balanced approach, the tribunal directed the AO to restrict disallowance under section 14A read with Rule 8D to Rs.10,00,000 and partly allowed the assessee's grounds. en-us Tue, 04 Nov 2025 00:00:00 +0530 Sat, 08 Nov 2025 08:30:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780942 ITAT held that of total Rs.1,06,34,501, amounts of Rs.50,79,854 (education cess), Rs.23,25,150 (already disallowed), Rs.2,58,748 (depreciation), Rs.12,78,739 (property insurance and property tax) lack nexus with exempt-income earning, but remaining expenses show some nexus. Applying a balanced approach, the tribunal directed the AO to restrict disallowance under section 14A read with Rule 8D to Rs.10,00,000 and partly allowed the assessee's grounds. Case-Laws Income Tax Tue, 04 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780942