https://www.taxtmi.com/caselaws?id=466349 Invocation of Rule 8D and a suo moto disallowance for expenditure relating to exempt income was rejected because the Assessing Officer failed to record satisfaction 'having regard to the accounts' and did not rebut the assessee's detailed apportionment; consequence: the assessee's self-computed disallowance is adopted. Proportional amortization of lease premium was remitted for fresh consideration. Maintenance charges classification was restored for fresh speaking adjudication. Payments from an Investor Compensation Reserve to compensate claimants were allowed. Software licence costs and outsourced maintenance payments were upheld as revenue business expenses. The accepted disallowance computation stands at Rs.88,32,868. en-us Fri, 28 Feb 2025 00:00:00 +0530 Sat, 31 Jan 2026 10:45:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466349 Invocation of Rule 8D and a suo moto disallowance for expenditure relating to exempt income was rejected because the Assessing Officer failed to record satisfaction 'having regard to the accounts' and did not rebut the assessee's detailed apportionment; consequence: the assessee's self-computed disallowance is adopted. Proportional amortization of lease premium was remitted for fresh consideration. Maintenance charges classification was restored for fresh speaking adjudication. Payments from an Investor Compensation Reserve to compensate claimants were allowed. Software licence costs and outsourced maintenance payments were upheld as revenue business expenses. The accepted disallowance computation stands at Rs.88,32,868. Case-Laws Income Tax Fri, 28 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466349