https://www.taxtmi.com/caselaws?id=472512 Expenditure disallowance relating to exempt dividend income under section 14A read with Rule 8D(2)(iii) is confined to investments that actually generated income not forming part of total income. Including the entire investment portfolio in the calculation is not justified. The computation should instead use the average value of dividend-yielding investments, subject to verification by the Assessing Officer. en-us Tue, 25 Aug 2026 00:00:00 +0530 Wed, 14 Oct 2026 13:28:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472512 Expenditure disallowance relating to exempt dividend income under section 14A read with Rule 8D(2)(iii) is confined to investments that actually generated income not forming part of total income. Including the entire investment portfolio in the calculation is not justified. The computation should instead use the average value of dividend-yielding investments, subject to verification by the Assessing Officer. Case-Laws Income Tax Tue, 25 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472512