https://www.taxtmi.com/caselaws?id=796889 Section 14A(2) permits computation of expenditure relating to exempt income under Rule 8D only after the Assessing Officer examines the assessee's accounts and records dissatisfaction with the correctness of its claim or suo motu disallowance. A bare statement that the disallowance does not comply with Rule 8D, without identifying defects in the accounts or explaining why the claim is incorrect, does not meet this statutory precondition. Consequently, a Rule 8D disallowance made without recorded, account-based satisfaction is unsustainable and must be deleted. en-us Wed, 05 Aug 2026 00:00:00 +0530 Wed, 12 Aug 2026 08:20:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796889 Section 14A(2) permits computation of expenditure relating to exempt income under Rule 8D only after the Assessing Officer examines the assessee's accounts and records dissatisfaction with the correctness of its claim or suo motu disallowance. A bare statement that the disallowance does not comply with Rule 8D, without identifying defects in the accounts or explaining why the claim is incorrect, does not meet this statutory precondition. Consequently, a Rule 8D disallowance made without recorded, account-based satisfaction is unsustainable and must be deleted. Case-Laws Income Tax Wed, 05 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796889