https://www.taxtmi.com/caselaws?id=802743 For years preceding the 2022 amendment to section 14A, expenditure disallowance relating to investments is restricted to investments that yield exempt income. Where interest-free funds exceed investments and there is no contrary evidence, investments are presumed to have been made from those funds. The 2022 amendment to section 14A is treated as prospective. en-us Wed, 04 Nov 2026 00:00:00 +0530 Sat, 14 Nov 2026 08:32:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802743 For years preceding the 2022 amendment to section 14A, expenditure disallowance relating to investments is restricted to investments that yield exempt income. Where interest-free funds exceed investments and there is no contrary evidence, investments are presumed to have been made from those funds. The 2022 amendment to section 14A is treated as prospective. Case-Laws Income Tax Wed, 04 Nov 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802743