https://www.taxtmi.com/caselaws?id=802481 Only investments that actually yield exempt income during the relevant previous year are included in the average investment value used to compute expenditure disallowance under Section 14A and Rule 8D. Investments that do not yield exempt income in that year are excluded from the calculation, even if they form part of the broader investment portfolio. en-us Fri, 16 Oct 2026 00:00:00 +0530 Fri, 06 Nov 2026 08:29:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802481 Only investments that actually yield exempt income during the relevant previous year are included in the average investment value used to compute expenditure disallowance under Section 14A and Rule 8D. Investments that do not yield exempt income in that year are excluded from the calculation, even if they form part of the broader investment portfolio. Case-Laws Income Tax Fri, 16 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802481