https://taxcharcha.com/that-the-disallowance-u-s-14a-read-with-rule-8d-cannot-exceed-the-actual-exempt-income-received-by-the-assessee-during-the-year-we-therefore-set-aside-the-order-of-the-cita-and-direct-the-assessi/
That the disallowance u/s 14A read with Rule 8D cannot exceed the actual exempt income received by the assessee during the year. We, therefore, set aside the order of the CIT(A) and direct the Assessing Officer - ITAT Delhi