https://www.taxtmi.com/caselaws?id=251180 The Tribunal held that reassessment proceedings under Sections 147/148 of the Income Tax Act were invalid as the assessing officer had full knowledge of the details during the original assessment. The Tribunal affirmed that the assessee had disclosed all necessary particulars, and the failure to disallow expenditure under Section 14A initially did not constitute grounds for reassessment. The Tribunal upheld the decision not to apply Rule 8D retrospectively, leading to the dismissal of the Revenue's appeal. en-us Tue, 19 Aug 2014 00:00:00 +0530 Sat, 06 Sep 2014 09:10:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251180 The Tribunal held that reassessment proceedings under Sections 147/148 of the Income Tax Act were invalid as the assessing officer had full knowledge of the details during the original assessment. The Tribunal affirmed that the assessee had disclosed all necessary particulars, and the failure to disallow expenditure under Section 14A initially did not constitute grounds for reassessment. The Tribunal upheld the decision not to apply Rule 8D retrospectively, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Tue, 19 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251180