https://www.taxtmi.com/caselaws?id=181784 The court dismissed the tax case appeal filed by the revenue challenging the order of the Income Tax Appellate Tribunal Madras 'A' Bench regarding the disallowance of expenditure attributable to exempt income from dividend for the assessment year 2001-02. The court found that the reassessment made by the assessing officer was against statutory provisions as the assessment year in question was covered by the proviso to Section 14A, which aimed to prevent reopening of assessments for years prior to 2002-03. The court concluded that assessments finalized before 1st April 2001 should not be reopened for disallowing expenditure under Section 14A, leading to the dismissal of the appeal. en-us Wed, 05 Sep 2007 00:00:00 +0530 Mon, 25 Apr 2016 11:20:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181784 The court dismissed the tax case appeal filed by the revenue challenging the order of the Income Tax Appellate Tribunal Madras 'A' Bench regarding the disallowance of expenditure attributable to exempt income from dividend for the assessment year 2001-02. The court found that the reassessment made by the assessing officer was against statutory provisions as the assessment year in question was covered by the proviso to Section 14A, which aimed to prevent reopening of assessments for years prior to 2002-03. The court concluded that assessments finalized before 1st April 2001 should not be reopened for disallowing expenditure under Section 14A, leading to the dismissal of the appeal. Case-Laws Income Tax Wed, 05 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181784