https://www.taxtmi.com/caselaws?id=468491 For section 14A read with Rule 8D, the disallowance was confined to investments that actually yielded exempt income during the relevant year, not all investments, and the balance disallowance was deleted. The Tribunal accepted the CIT(A)'s reliance on the co-ordinate bench ruling in Vireet Investment and found no infirmity in that approach. The same reasoning also defeated the Revenue's challenge to the corresponding adjustment under section 115JB, so the deletion was upheld in favour of the assessee. en-us Thu, 22 Jan 2026 00:00:00 +0530 Fri, 08 May 2026 21:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468491 For section 14A read with Rule 8D, the disallowance was confined to investments that actually yielded exempt income during the relevant year, not all investments, and the balance disallowance was deleted. The Tribunal accepted the CIT(A)'s reliance on the co-ordinate bench ruling in Vireet Investment and found no infirmity in that approach. The same reasoning also defeated the Revenue's challenge to the corresponding adjustment under section 115JB, so the deletion was upheld in favour of the assessee. Case-Laws Income Tax Thu, 22 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468491