https://www.taxtmi.com/caselaws?id=201320 The Court upheld the decision of the Income Tax Appellate Tribunal, invalidating the reassessment initiated by the Assessing Officer under Section 147/148 for claiming disallowance of expenses under Section 14A for an assessment year before 01.04.2001. The Court emphasized that the proviso to Section 14A explicitly prohibits reassessment for years preceding 2001, and since the conditions of the proviso were met in this case, the reassessment was deemed impermissible. Consequently, the appeal was dismissed. en-us Mon, 15 Nov 2010 00:00:00 +0530 Tue, 24 May 2016 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201320 The Court upheld the decision of the Income Tax Appellate Tribunal, invalidating the reassessment initiated by the Assessing Officer under Section 147/148 for claiming disallowance of expenses under Section 14A for an assessment year before 01.04.2001. The Court emphasized that the proviso to Section 14A explicitly prohibits reassessment for years preceding 2001, and since the conditions of the proviso were met in this case, the reassessment was deemed impermissible. Consequently, the appeal was dismissed. Case-Laws Income Tax Mon, 15 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201320