https://www.taxtmi.com/caselaws?id=784221 Disallowance under s.14A r/w Rule 8D was contested on the ground that the investments were for commercial and strategic business expediency and not for earning exempt income. Relying on a coordinate Bench decision in the assessee's own case on an identical issue, the Tribunal held that the disallowance computed under s.14A r/w Rule 8D cannot exceed the exempt income actually earned in the relevant AY, consistent with settled judicial precedent. Consequently, the appellate order was set aside on this issue and the AO was directed to restrict the disallowance to the amount of exempt dividend income earned (Rs. 23,000), resulting in the appeal being partly allowed. en-us Wed, 10 Dec 2025 00:00:00 +0530 Wed, 31 Dec 2025 09:17:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784221 Disallowance under s.14A r/w Rule 8D was contested on the ground that the investments were for commercial and strategic business expediency and not for earning exempt income. Relying on a coordinate Bench decision in the assessee's own case on an identical issue, the Tribunal held that the disallowance computed under s.14A r/w Rule 8D cannot exceed the exempt income actually earned in the relevant AY, consistent with settled judicial precedent. Consequently, the appellate order was set aside on this issue and the AO was directed to restrict the disallowance to the amount of exempt dividend income earned (Rs. 23,000), resulting in the appeal being partly allowed. Case-Laws Income Tax Wed, 10 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784221