https://www.taxtmi.com/caselaws?id=471020 Section 14A disallowance under Rule 8D is restricted where an assessee's own funds substantially exceed its investments, creating a presumption that the investments were made from own funds. No interest expenditure is therefore disallowable under Rule 8D(2)(ii), and no direct expenditure disallowance arises under Rule 8D(2)(i). Administrative expenditure under Rule 8D(2)(iii) must be computed only with reference to investments that actually yielded exempt dividend income. Investments in foreign companies whose dividends are taxable must be excluded from that computation. en-us Fri, 13 Apr 2018 00:00:00 +0530 Tue, 18 Aug 2026 17:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471020 Section 14A disallowance under Rule 8D is restricted where an assessee's own funds substantially exceed its investments, creating a presumption that the investments were made from own funds. No interest expenditure is therefore disallowable under Rule 8D(2)(ii), and no direct expenditure disallowance arises under Rule 8D(2)(i). Administrative expenditure under Rule 8D(2)(iii) must be computed only with reference to investments that actually yielded exempt dividend income. Investments in foreign companies whose dividends are taxable must be excluded from that computation. Case-Laws Income Tax Fri, 13 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471020