https://www.taxtmi.com/caselaws?id=800741 Rule 8D(2)(ii) machinery computation for Section 14A disallowance of expenditure relating to exempt dividend income is confined to investments that yielded dividend income in the relevant year. Unlisted securities that generated no dividend income cannot be included in the average value of investments for that computation. Including such non-yielding investments makes the further disallowance unsustainable. en-us Wed, 07 Oct 2026 00:00:00 +0530 Sat, 10 Oct 2026 08:32:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800741 Rule 8D(2)(ii) machinery computation for Section 14A disallowance of expenditure relating to exempt dividend income is confined to investments that yielded dividend income in the relevant year. Unlisted securities that generated no dividend income cannot be included in the average value of investments for that computation. Including such non-yielding investments makes the further disallowance unsustainable. Case-Laws Income Tax Wed, 07 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800741