https://www.taxtmi.com/caselaws?id=792489 Rule 8D's amended disallowance mechanism was treated as prospective, so the pre-amendment method applied to assessment year 2016-17 and the section 14A computation for assessment year 2017-18 was confined to investments yielding exempt income. Disallowance under section 14A read with Rule 8D was held not to enter book-profit computation under section 115JB, so no MAT adjustment was permitted. A provision for bad and doubtful debts was treated as an actual write-off where the corresponding debtor balance was reduced in the accounts, supporting deduction under section 36(1)(vii). An additional ground under section 40(a)(ia) was restored for fresh adjudication. en-us Mon, 20 Apr 2026 00:00:00 +0530 Thu, 28 May 2026 10:25:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792489 Rule 8D's amended disallowance mechanism was treated as prospective, so the pre-amendment method applied to assessment year 2016-17 and the section 14A computation for assessment year 2017-18 was confined to investments yielding exempt income. Disallowance under section 14A read with Rule 8D was held not to enter book-profit computation under section 115JB, so no MAT adjustment was permitted. A provision for bad and doubtful debts was treated as an actual write-off where the corresponding debtor balance was reduced in the accounts, supporting deduction under section 36(1)(vii). An additional ground under section 40(a)(ia) was restored for fresh adjudication. Case-Laws Income Tax Mon, 20 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792489