https://www.taxtmi.com/caselaws?id=391078 The Tribunal remitted the Revenue's appeals regarding disallowance under Section 14A read with Rule 8D back to the CIT(Appeals) due to uncertainty over a pending Supreme Court decision. In the case of reopening of assessment under Section 147, the Tribunal upheld the CIT(Appeals)'s decision that the reassessment was void as it lacked new material justifying the reopening. Consequently, the issue of book profit under Section 115JB became academic, leading to the dismissal of the Revenue's appeal. en-us Thu, 16 Jan 2020 00:00:00 +0530 Sat, 18 Jan 2020 13:29:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391078 The Tribunal remitted the Revenue's appeals regarding disallowance under Section 14A read with Rule 8D back to the CIT(Appeals) due to uncertainty over a pending Supreme Court decision. In the case of reopening of assessment under Section 147, the Tribunal upheld the CIT(Appeals)'s decision that the reassessment was void as it lacked new material justifying the reopening. Consequently, the issue of book profit under Section 115JB became academic, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Thu, 16 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391078