Held that disallowance cannot exceed the exempt income. (AY. 2008-09, 2009-10)
Cadila Pharmaceuticals Ltd. v. ACIT (2024)115 ITR 428/ 162 taxmann.com 229 (Ahd)(Trib)
S. 14A : Disallowance of expenditure-Exempt income-Suo motu disallowance-Disallowance is restricted to amount of exempt income.[R.8D]