S. 14A : Disallowance of expenditure-Exempt income-Failure to demonstrate that borrowed funds on which interest paid was not utilised for making investment-disallowance was affirmed. [R.8D(2)]

S. 14A : Disallowance of expenditure-Exempt income–Disallowance cannot exceed exempt income.[R.8D]

S. 14A : Disallowance of expenditure-Exempt income-No clear findings-Accounts not rejected-Disallowance was vacated. [R. 8D(2)(iii)]

S. 14A : Disallowance of expenditure-Exempt income-Disallowance can be made only in respect of interest payments from those investments which the dividend income was earned.[R.8D(2)(iii)]

S. 14A : Disallowance of expenditure-Exempt income-Share application money-Pending for allotment-Provisions of section 14A cannot be invoked. [R.8D]

S.14A : Disallowance of expenditure-Exempt income-Interest free funds-Dividend through RTGS-Directed to verify calculation vis a vis calculation accepted in earlier years and restrict disallowance accordingly. [R.8D]

S. 14A : Disallowance of expenditure-Exempt income-No exempt income-Amendment with effect from April 1, 2022 the Finance Act, 2022 with retrospective effect-Matter remanded.[R. 8D]

S. 14A : Disallowance of expenditure-Exempt income-No exempt income during the relevant year-Disallowance not warranted. [R.8D]

S. 13 : Denial of exemption-Trust or institution-Investment restrictions-Substantial interest-Capital gain-Founder trustee of assessee-trust was holding only 0.83 per cent of aggregate paid-up ordinary share capital of TSL-No violation of provision-Investment in redeemable preferential shares-Entire income of trust shall not become ineligible for exemption, it was to be restricted only to income derived from prohibited investments. [S.11, 12A, 13(1)(d), 13(2)(h), 80G]

S. 13 : Denial of exemption-Trust or institution-Capitation fees-Voluntary contribution-Denial of exemption is not justified. [S. 11, 12A, 13(1)(c), Karnataka Educational Institutions (Prohibition of capitation Fee) Act, 1984]