https://www.taxtmi.com/caselaws?id=791264 Section 14A disallowance may be invoked where the Assessing Officer records adequate satisfaction that expenditure was incurred in relation to exempt income, including where the assessee's own suo motu disallowance is found insufficient against the volume of investments. However, the disallowance computed under Rule 8D(2)(ii) cannot exceed the exempt income earned in the relevant year. Applying that principle, the objection to recorded satisfaction was rejected, but the quantum of disallowance was restricted to the amount of exempt dividend income, resulting in only partial relief to the assessee. en-us Wed, 06 May 2026 00:00:00 +0530 Fri, 08 May 2026 07:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791264 Section 14A disallowance may be invoked where the Assessing Officer records adequate satisfaction that expenditure was incurred in relation to exempt income, including where the assessee's own suo motu disallowance is found insufficient against the volume of investments. However, the disallowance computed under Rule 8D(2)(ii) cannot exceed the exempt income earned in the relevant year. Applying that principle, the objection to recorded satisfaction was rejected, but the quantum of disallowance was restricted to the amount of exempt dividend income, resulting in only partial relief to the assessee. Case-Laws Income Tax Wed, 06 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791264