https://www.taxtmi.com/caselaws?id=210453 The Tribunal held that the Assessing Officer's reopening of the assessment under Section 147 was invalid due to lack of tangible material, as previous appellate rulings favored the assessee. The disallowance under Section 14A was remitted to the AO for fresh quantification, with a dissenting opinion allowing the AO to address the issue. The allowance of electricity charges and depreciation on certain items was upheld, while the deletion of interest under Section 234D was also upheld, applying from AY 2004-05 onwards. The Revenue's appeal was partly allowed for statistical purposes, and the assessee's cross-objections were dismissed. en-us Wed, 10 Aug 2011 00:00:00 +0530 Wed, 22 May 2013 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210453 The Tribunal held that the Assessing Officer's reopening of the assessment under Section 147 was invalid due to lack of tangible material, as previous appellate rulings favored the assessee. The disallowance under Section 14A was remitted to the AO for fresh quantification, with a dissenting opinion allowing the AO to address the issue. The allowance of electricity charges and depreciation on certain items was upheld, while the deletion of interest under Section 234D was also upheld, applying from AY 2004-05 onwards. The Revenue's appeal was partly allowed for statistical purposes, and the assessee's cross-objections were dismissed. Case-Laws Income Tax Wed, 10 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210453