Sec 14A Disallowance

Dear Sir/Madam

I want to know whether share of income from A.O.P which is not taxable in the hands of member attracts sec 14A disallowance. Further while calculating avg value of investment u/s 14A r.w. rule 8D invesment made in A.O.P is to be considered or not.

Since share income from A.O.P is not directly exempt u/s 10, i am confused regarding applicabilty of sec14A to this income.

Kindly update my knowledge.

Thanking you all in advance.

Sachin Gupta