https://www.taxtmi.com/caselaws?id=331803 The High Court of Calcutta dismissed the appeals and ruled against the revenue in a case concerning the interpretation of Section 14A of the Income Tax Act for assessment years 2000-01 and 2001-02. The Court held that a disallowance cannot be made under Section 14A if the assessment is reopened under Section 147 before April 1, 2001, as per the proviso to Section 14A. The judgment clarified the limitations on the Assessing Officer in reassessment proceedings, setting a precedent for future cases. en-us Thu, 21 Jul 2016 00:00:00 +0530 Fri, 02 Sep 2016 12:27:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331803 The High Court of Calcutta dismissed the appeals and ruled against the revenue in a case concerning the interpretation of Section 14A of the Income Tax Act for assessment years 2000-01 and 2001-02. The Court held that a disallowance cannot be made under Section 14A if the assessment is reopened under Section 147 before April 1, 2001, as per the proviso to Section 14A. The judgment clarified the limitations on the Assessing Officer in reassessment proceedings, setting a precedent for future cases. Case-Laws Income Tax Thu, 21 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331803