https://www.taxtmi.com/caselaws?id=788354 Disallowance relating to exempt income was addressed: where the Assessing Officer, after examining accounts, records a reasoned dissatisfaction that the assessee's suo motu apportionment omits common overheads, the prescribed apportionment method must be invoked and applied; consequently Rule 8D computation limited to administrative/indirect expenses is sustainable even if investments were claimed to be from interest free own funds. The operative effect requires recomputation using the monthly average of investments as furnished by the assessee, with disallowance under the disallowance regime upheld subject to that recomputation. en-us Mon, 09 Feb 2026 00:00:00 +0530 Wed, 18 Mar 2026 14:10:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788354 Disallowance relating to exempt income was addressed: where the Assessing Officer, after examining accounts, records a reasoned dissatisfaction that the assessee's suo motu apportionment omits common overheads, the prescribed apportionment method must be invoked and applied; consequently Rule 8D computation limited to administrative/indirect expenses is sustainable even if investments were claimed to be from interest free own funds. The operative effect requires recomputation using the monthly average of investments as furnished by the assessee, with disallowance under the disallowance regime upheld subject to that recomputation. Case-Laws Income Tax Mon, 09 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788354