https://www.taxtmi.com/caselaws?id=798486 Further disallowance of expenditure relating to exempt income under Section 14A read with Rule 8D requires examination of the accounts and recorded dissatisfaction with the assessee's suo motu computation. A different computation alone does not meet that statutory condition, so the additional disallowance was deleted. Share premium valuation under Section 56(2)(viib) and Rule 11UA using the discounted cash flow method must be assessed from information and estimates available on the valuation date. Subsequent actual financial results cannot, without a material error in inputs or methodology, justify replacing that valuation with the net asset value method. The excess share-premium addition was therefore deleted. en-us Tue, 25 Aug 2026 00:00:00 +0530 Tue, 08 Sep 2026 08:42:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798486 Further disallowance of expenditure relating to exempt income under Section 14A read with Rule 8D requires examination of the accounts and recorded dissatisfaction with the assessee's suo motu computation. A different computation alone does not meet that statutory condition, so the additional disallowance was deleted. Share premium valuation under Section 56(2)(viib) and Rule 11UA using the discounted cash flow method must be assessed from information and estimates available on the valuation date. Subsequent actual financial results cannot, without a material error in inputs or methodology, justify replacing that valuation with the net asset value method. The excess share-premium addition was therefore deleted. Case-Laws Income Tax Tue, 25 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798486