https://www.taxtmi.com/caselaws?id=793295 Section 14A disallowance under Rule 8D requires the Assessing Officer to record objective dissatisfaction, based on examination of the accounts, with the taxpayer's own computation of expenditure relating to exempt income. A further disallowance cannot be made where no defect in that computation is identified, and it cannot be mechanically added back to book profit under section 115JB. A Form 26AS and books mismatch requires verification of reconciliations, deductor records, TDS schedules and timing differences. Dredging undertaken solely to maintain an operating jetty's navigational depth, without creating or expanding an asset, is revenue expenditure allowable under section 37(1). en-us Wed, 10 Jun 2026 00:00:00 +0530 Fri, 12 Jun 2026 08:45:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793295 Section 14A disallowance under Rule 8D requires the Assessing Officer to record objective dissatisfaction, based on examination of the accounts, with the taxpayer's own computation of expenditure relating to exempt income. A further disallowance cannot be made where no defect in that computation is identified, and it cannot be mechanically added back to book profit under section 115JB. A Form 26AS and books mismatch requires verification of reconciliations, deductor records, TDS schedules and timing differences. Dredging undertaken solely to maintain an operating jetty's navigational depth, without creating or expanding an asset, is revenue expenditure allowable under section 37(1). Case-Laws Income Tax Wed, 10 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793295