Held that the disallowance under section 14A cannot exceed exempt income and in view of the fact that the disallowance made under section 14A read with rule 8D was much in excess of the exempt income, the Assessing Officer was to restrict the disallowance under section 14A read with rule 8D to the extent of exempt income earned by the assessee. (AY. 2013-14, 2014-15)