https://www.taxtmi.com/caselaws?id=786614 The note addresses two tax issues: first, an assessee who makes a suo motu disallowance in the return may retract that self-disallowance during assessment proceedings, and the specific self-disallowance was deleted; second, disallowance calculated under the Rule 8D methodology for expenses relating to exempt income is not applicable where the assessee did not earn any exempt income in the relevant year, and the additional disallowance based on that methodology was deleted with consequential relief and an infructuous stay application. 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 The note addresses two tax issues: first, an assessee who makes a suo motu disallowance in the return may retract that self-disallowance during assessment proceedings, and the specific self-disallowance was deleted; second, disallowance calculated under the Rule 8D methodology for expenses relating to exempt income is not applicable where the assessee did not earn any exempt income in the relevant year, and the additional disallowance based on that methodology was deleted with consequential relief and an infructuous stay application. Case-Laws Income Tax Mon, 09 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786614