https://www.taxtmi.com/caselaws?id=120151 The ITAT upheld the decisions of the CIT(Appeals) in both cases. In the first case, it was held that there was no failure on the part of the assessee to disclose all material facts, thus dismissing the Revenue's appeal challenging the reopening of assessment after four years. In the second case, the ITAT confirmed that no rectification could be made for the assessment year 1997-98 regarding the disallowance of expenses on tax-free bonds, in accordance with the provisions of section 14A and the proviso added in 2002. en-us Wed, 31 May 2006 00:00:00 +0530 Tue, 17 Jul 2012 12:37:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120151 The ITAT upheld the decisions of the CIT(Appeals) in both cases. In the first case, it was held that there was no failure on the part of the assessee to disclose all material facts, thus dismissing the Revenue's appeal challenging the reopening of assessment after four years. In the second case, the ITAT confirmed that no rectification could be made for the assessment year 1997-98 regarding the disallowance of expenses on tax-free bonds, in accordance with the provisions of section 14A and the proviso added in 2002. Case-Laws Income Tax Wed, 31 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120151