https://www.taxtmi.com/caselaws?id=802553 The exempt-income disallowance under Section 14A and Rule 8D was restricted after accounting for expenditure relating to specified purposes, netting interest income against the remaining interest expenditure, and considering only investments that yielded exempt income during the year. This investment approach was consistent with earlier years. A disallowance computed under Section 14A read with Rule 8D cannot be added to book profits under Section 115JB. en-us Fri, 16 Oct 2026 00:00:00 +0530 Sat, 07 Nov 2026 08:22:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802553 The exempt-income disallowance under Section 14A and Rule 8D was restricted after accounting for expenditure relating to specified purposes, netting interest income against the remaining interest expenditure, and considering only investments that yielded exempt income during the year. This investment approach was consistent with earlier years. A disallowance computed under Section 14A read with Rule 8D cannot be added to book profits under Section 115JB. Case-Laws Income Tax Fri, 16 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802553