https://www.taxtmi.com/circulars?id=2899 The amendment introducing Section 14A states that expenditure relating to income not includible in total income is not allowable; however, assessments final before 1 April 2001 should not be reopened under reassessment provisions to disallow such expenditure, to avoid hardship and unnecessary litigation. en-us Mon, 23 Jul 2001 00:00:00 +0530 Sat, 09 Aug 2008 18:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2899 The amendment introducing Section 14A states that expenditure relating to income not includible in total income is not allowable; however, assessments final before 1 April 2001 should not be reopened under reassessment provisions to disallow such expenditure, to avoid hardship and unnecessary litigation. Circulars Income Tax Mon, 23 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2899