https://www.taxtmi.com/caselaws?id=221946 The High Court upheld the decision that disallowances under Section 14A cannot be made by revising concluded assessments under Section 263. The Court emphasized that the proviso in Section 14A prohibits revising concluded assessments for disallowances, safeguarding the rights of parties against unwarranted tax demands. The Court dismissed the review petitions, affirming the interpretation of Section 14A and the proviso's importance in protecting the assessee's rights. en-us Tue, 27 Mar 2012 00:00:00 +0530 Sat, 06 Apr 2013 22:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221946 The High Court upheld the decision that disallowances under Section 14A cannot be made by revising concluded assessments under Section 263. The Court emphasized that the proviso in Section 14A prohibits revising concluded assessments for disallowances, safeguarding the rights of parties against unwarranted tax demands. The Court dismissed the review petitions, affirming the interpretation of Section 14A and the proviso's importance in protecting the assessee's rights. Case-Laws Income Tax Tue, 27 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221946