https://www.taxtmi.com/caselaws?id=467515 Disallowance under section 14A read with Rule 8D is confined, for the relevant year, to investments that actually yielded exempt income. The Rule 8D computation uses the actual cost of investments; fair market value cannot be substituted by importing accounting standards, and the wider Finance Act, 2022 approach is prospective. For immovable property transactions, section 43CA may apply where the properties constitute stock-in-trade. Stamp duty value may be determined as of the earlier agreement or allotment date if consideration was fixed and substantial non-cash payment was received, subject to verification of the relevant documents and facts. en-us Wed, 18 Mar 2026 00:00:00 +0530 Fri, 03 Apr 2026 12:55:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467515 Disallowance under section 14A read with Rule 8D is confined, for the relevant year, to investments that actually yielded exempt income. The Rule 8D computation uses the actual cost of investments; fair market value cannot be substituted by importing accounting standards, and the wider Finance Act, 2022 approach is prospective. For immovable property transactions, section 43CA may apply where the properties constitute stock-in-trade. Stamp duty value may be determined as of the earlier agreement or allotment date if consideration was fixed and substantial non-cash payment was received, subject to verification of the relevant documents and facts. Case-Laws Income Tax Wed, 18 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467515