https://www.taxtmi.com/caselaws?id=468365 Disallowance under section 14A, including one computed under Rule 8D, is discussed as being confined to expenditure relatable to exempt income and not capable of exceeding the exempt dividend earned during the year. Where the assessee has made a suo motu disallowance supported by the record, a larger enhancement on the facts is not warranted. The note records that the Tribunal upheld deletion of the further disallowance and left the appellate relief undisturbed. en-us Mon, 27 Jun 2022 00:00:00 +0530 Fri, 01 May 2026 17:25:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468365 Disallowance under section 14A, including one computed under Rule 8D, is discussed as being confined to expenditure relatable to exempt income and not capable of exceeding the exempt dividend earned during the year. Where the assessee has made a suo motu disallowance supported by the record, a larger enhancement on the facts is not warranted. The note records that the Tribunal upheld deletion of the further disallowance and left the appellate relief undisturbed. Case-Laws Income Tax Mon, 27 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468365