https://www.taxtmi.com/caselaws?id=465896 Disallowance under section 14A/Rule 8D was examined where no exempt income arose from investments; the tribunal applied authority that no disallowance can be made absent exempt income and, noting the Explanation to section 14A is prospective, upheld deletion of the addition. Deduction treatment of CSR expenditures was considered: since donations were not to specified national funds and the Explanation limiting business expenditure does not displace separate entitlement under charitable donation provisions, CSR payments to registered charitable trusts were held eligible for deduction, and the assessing officers disallowance was reversed. en-us Thu, 16 Oct 2025 00:00:00 +0530 Wed, 14 Jan 2026 19:03:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465896 Disallowance under section 14A/Rule 8D was examined where no exempt income arose from investments; the tribunal applied authority that no disallowance can be made absent exempt income and, noting the Explanation to section 14A is prospective, upheld deletion of the addition. Deduction treatment of CSR expenditures was considered: since donations were not to specified national funds and the Explanation limiting business expenditure does not displace separate entitlement under charitable donation provisions, CSR payments to registered charitable trusts were held eligible for deduction, and the assessing officers disallowance was reversed. Case-Laws Income Tax Thu, 16 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465896