https://www.taxtmi.com/caselaws?id=782200 ITAT Delhi - AT held that the AO had properly recorded satisfaction for invoking s.14A r.w. Rule 8D, having examined the assessee's financials and expenses and found the claim of no expenditure for earning exempt income incorrect. However, the Tribunal directed the AO to recompute the disallowance under Rule 8D(2)(ii) by considering only those investments which actually yielded exempt income, instead of the total investments. On the addition relating to surcharge on delayed payments from debtors, ITAT directed deletion of the addition, subject to AO verifying when such surcharge was realized and offered to tax. Assessee's grounds were partly allowed and the Revenue's appeal was dismissed. en-us Wed, 19 Nov 2025 00:00:00 +0530 Wed, 26 Nov 2025 08:43:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782200 ITAT Delhi - AT held that the AO had properly recorded satisfaction for invoking s.14A r.w. Rule 8D, having examined the assessee's financials and expenses and found the claim of no expenditure for earning exempt income incorrect. However, the Tribunal directed the AO to recompute the disallowance under Rule 8D(2)(ii) by considering only those investments which actually yielded exempt income, instead of the total investments. On the addition relating to surcharge on delayed payments from debtors, ITAT directed deletion of the addition, subject to AO verifying when such surcharge was realized and offered to tax. Assessee's grounds were partly allowed and the Revenue's appeal was dismissed. Case-Laws Income Tax Wed, 19 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782200