https://www.taxtmi.com/caselaws?id=786614 A taxpayer may withdraw an incorrect suo motu expense disallowance made in its return during assessment proceedings. Further, disallowance of expenditure relating to exempt income under section 14A read with Rule 8D is not warranted where no exempt income was earned in the relevant assessment year. Applying these principles, the self-disallowance and the additional section 14A disallowance were deleted, with consequential relief. The stay application became infructuous. en-us Mon, 09 Feb 2026 00:00:00 +0530 Fri, 13 Feb 2026 17:13:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786614 A taxpayer may withdraw an incorrect suo motu expense disallowance made in its return during assessment proceedings. Further, disallowance of expenditure relating to exempt income under section 14A read with Rule 8D is not warranted where no exempt income was earned in the relevant assessment year. Applying these principles, the self-disallowance and the additional section 14A disallowance were deleted, with consequential relief. The stay application became infructuous. Case-Laws Income Tax Mon, 09 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786614