https://www.taxtmi.com/caselaws?id=781685 ITAT upheld CIT(A) and dismissed the revenue appeal, ruling AO's suo-moto excess disallowance under s.14A read with r.8D unsustainable. The Tribunal found AO failed to record required satisfaction per settled law and ignored the assessee's computation segregating investments yielding exempt income; AO's computed disallowance far exceeded total P&L expenses and was arbitrary. The additional disallowance over the assessee's own suo-moto figure was deleted as unsupported by accounts or legal position. en-us Fri, 31 Oct 2025 00:00:00 +0530 Mon, 17 Nov 2025 10:12:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781685 ITAT upheld CIT(A) and dismissed the revenue appeal, ruling AO's suo-moto excess disallowance under s.14A read with r.8D unsustainable. The Tribunal found AO failed to record required satisfaction per settled law and ignored the assessee's computation segregating investments yielding exempt income; AO's computed disallowance far exceeded total P&L expenses and was arbitrary. The additional disallowance over the assessee's own suo-moto figure was deleted as unsupported by accounts or legal position. Case-Laws Income Tax Fri, 31 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781685