https://www.taxtmi.com/caselaws?id=798678 Section 14A disallowance is confined to investments producing exempt income; foreign investments yielding taxable dividends must therefore be excluded from the Rule 8D computation, subject to verification and recomputation of eligible investments. Japanese Yen royalty receipts recorded in the accounts and offered to tax cannot be treated as undisclosed income without supporting evidence. A disallowance already made by the assessee for delayed employee contributions cannot be duplicated, although separately identified late-deposited contributions may remain disallowable. The applicable principles prevent both unsupported additions and double disallowance. en-us Thu, 03 Sep 2026 00:00:00 +0530 Thu, 10 Sep 2026 08:51:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798678 Section 14A disallowance is confined to investments producing exempt income; foreign investments yielding taxable dividends must therefore be excluded from the Rule 8D computation, subject to verification and recomputation of eligible investments. Japanese Yen royalty receipts recorded in the accounts and offered to tax cannot be treated as undisclosed income without supporting evidence. A disallowance already made by the assessee for delayed employee contributions cannot be duplicated, although separately identified late-deposited contributions may remain disallowable. The applicable principles prevent both unsupported additions and double disallowance. Case-Laws Income Tax Thu, 03 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798678