https://www.taxtmi.com/caselaws?id=790971 Where the assessee had sufficient own and other interest-free funds exceeding the investments yielding exempt income, the section 14A read with Rule 8D disallowance was deleted because the investment was presumed to have been made from such funds and no interest nexus was established. The provision for gratuity was sustained because the accounts and supporting material indicated that part of the liability had already been discharged, while the balance still required verification and adjustment. The Tribunal therefore accepted the section 14A ground for the assessee, but upheld the gratuity-related addition on the record before it. en-us Wed, 29 Apr 2026 00:00:00 +0530 Mon, 04 May 2026 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790971 Where the assessee had sufficient own and other interest-free funds exceeding the investments yielding exempt income, the section 14A read with Rule 8D disallowance was deleted because the investment was presumed to have been made from such funds and no interest nexus was established. The provision for gratuity was sustained because the accounts and supporting material indicated that part of the liability had already been discharged, while the balance still required verification and adjustment. The Tribunal therefore accepted the section 14A ground for the assessee, but upheld the gratuity-related addition on the record before it. Case-Laws Income Tax Wed, 29 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790971