https://www.taxtmi.com/caselaws?id=785625 Dispute concerns disallowance under section 14A read with Rule 8D regarding apportionment of expenditure between taxable and exempt income; tribunal and CIT(A) applied the Maxopp Investment principle that disallowance cannot exceed exempt income, and deleted the addition since the assessee earned no exempt income, a conclusion the HC declined to disturb. The court refused interference with concurrent findings of fact and law by the appellate authorities, resulting in dismissal of the appeal and leaving the deleted disallowance intact. en-us Fri, 05 Dec 2025 00:00:00 +0530 Wed, 28 Jan 2026 07:26:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785625 Dispute concerns disallowance under section 14A read with Rule 8D regarding apportionment of expenditure between taxable and exempt income; tribunal and CIT(A) applied the Maxopp Investment principle that disallowance cannot exceed exempt income, and deleted the addition since the assessee earned no exempt income, a conclusion the HC declined to disturb. The court refused interference with concurrent findings of fact and law by the appellate authorities, resulting in dismissal of the appeal and leaving the deleted disallowance intact. Case-Laws Income Tax Fri, 05 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785625