https://www.taxtmi.com/caselaws?id=472112 Section 14A read with Rule 8D(2)(iii) requires the administrative-expense disallowance to be computed using the average value of investments that actually yielded exempt income during the relevant year. Including all investments shown in the balance sheet, irrespective of whether they generated exempt income, is inconsistent with this approach. The disallowance should therefore be recomputed by excluding investments that did not yield exempt income during the year. en-us Thu, 17 Apr 2025 00:00:00 +0530 Wed, 30 Sep 2026 08:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472112 Section 14A read with Rule 8D(2)(iii) requires the administrative-expense disallowance to be computed using the average value of investments that actually yielded exempt income during the relevant year. Including all investments shown in the balance sheet, irrespective of whether they generated exempt income, is inconsistent with this approach. The disallowance should therefore be recomputed by excluding investments that did not yield exempt income during the year. Case-Laws Income Tax Thu, 17 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472112