https://www.taxtmi.com/caselaws?id=790540 Disallowance under section 14A read with Rule 8D was confined to expenditure relatable to exempt income and could not be carried beyond the exempt income earned in the year or the assessee's own suo motu disallowance; the restriction adopted by the appellate authority was upheld. Donations made as part of corporate social responsibility expenditure were not barred from deduction under section 80G merely because they were incurred to meet a CSR obligation; where the recipient was an approved donee and the section 80G conditions were satisfied, the deduction remained available. The Revenue's appeal failed on both issues. en-us Fri, 27 Mar 2026 00:00:00 +0530 Mon, 27 Apr 2026 08:21:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790540 Disallowance under section 14A read with Rule 8D was confined to expenditure relatable to exempt income and could not be carried beyond the exempt income earned in the year or the assessee's own suo motu disallowance; the restriction adopted by the appellate authority was upheld. Donations made as part of corporate social responsibility expenditure were not barred from deduction under section 80G merely because they were incurred to meet a CSR obligation; where the recipient was an approved donee and the section 80G conditions were satisfied, the deduction remained available. The Revenue's appeal failed on both issues. Case-Laws Income Tax Fri, 27 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790540