https://www.taxtmi.com/caselaws?id=187804 The Tribunal upheld the CIT(A)'s decision to annul the assessments for both years, dismissing the Revenue's appeals. Reopening assessments based on audit objections was deemed unjustified. No disallowance under section 14A was warranted as expenses related to exempt income were already considered under section 10B. The Tribunal rejected all Revenue's grounds and upheld the CIT(A)'s orders. en-us Fri, 10 Jun 2011 00:00:00 +0530 Mon, 07 Nov 2016 17:51:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187804 The Tribunal upheld the CIT(A)'s decision to annul the assessments for both years, dismissing the Revenue's appeals. Reopening assessments based on audit objections was deemed unjustified. No disallowance under section 14A was warranted as expenses related to exempt income were already considered under section 10B. The Tribunal rejected all Revenue's grounds and upheld the CIT(A)'s orders. Case-Laws Income Tax Fri, 10 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187804