https://www.taxtmi.com/caselaws?id=470704 Recorded coaching-fee receipts entered in accepted and audited books, already included in returned income, cannot be treated again as unexplained cash credits without cogent material showing that particular receipts are fictitious, bogus, or manipulated; otherwise, the addition results in double taxation and rests on suspicion. Disallowance of expenditure relating to exempt income under Section 14A read with Rule 8D does not arise where no exempt income was earned and no new exempt-income-yielding investment was made. The Finance Act, 2022 explanation to Section 14A applies prospectively from 1 April 2022 and does not govern earlier assessment years. en-us Wed, 15 Oct 2025 00:00:00 +0530 Tue, 04 Aug 2026 20:51:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470704 Recorded coaching-fee receipts entered in accepted and audited books, already included in returned income, cannot be treated again as unexplained cash credits without cogent material showing that particular receipts are fictitious, bogus, or manipulated; otherwise, the addition results in double taxation and rests on suspicion. Disallowance of expenditure relating to exempt income under Section 14A read with Rule 8D does not arise where no exempt income was earned and no new exempt-income-yielding investment was made. The Finance Act, 2022 explanation to Section 14A applies prospectively from 1 April 2022 and does not govern earlier assessment years. Case-Laws Income Tax Wed, 15 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470704