https://www.taxtmi.com/caselaws?id=799854 Section 14A read with Rule 8D does not support a disallowance where investments neither yielded nor could yield exempt income, dividend income was taxable in the relevant assessment year, and recorded expenses related to taxable income. Rule 8D may be invoked only after the Assessing Officer records valid satisfaction regarding the assessee's claim. On these facts, including consistency with accepted positions in earlier and subsequent years, the Section 14A disallowance was deleted. en-us Fri, 18 Sep 2026 00:00:00 +0530 Mon, 28 Sep 2026 08:12:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799854 Section 14A read with Rule 8D does not support a disallowance where investments neither yielded nor could yield exempt income, dividend income was taxable in the relevant assessment year, and recorded expenses related to taxable income. Rule 8D may be invoked only after the Assessing Officer records valid satisfaction regarding the assessee's claim. On these facts, including consistency with accepted positions in earlier and subsequent years, the Section 14A disallowance was deleted. Case-Laws Income Tax Fri, 18 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799854