https://www.taxtmi.com/caselaws?id=410938 The High Court dismissed the Revenue's appeal, affirming the Tribunal's decision to set aside the revision order under Section 263. It was held that Section 14A was not applicable to the Assessment Year 2002-03. The Court found that the CIT failed to record a prima facie finding, rendering the reassessment erroneous. The appeal was dismissed with no costs, and the substantial questions of law were answered against the Revenue. en-us Mon, 02 Aug 2021 00:00:00 +0530 Mon, 22 Aug 2022 16:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410938 The High Court dismissed the Revenue's appeal, affirming the Tribunal's decision to set aside the revision order under Section 263. It was held that Section 14A was not applicable to the Assessment Year 2002-03. The Court found that the CIT failed to record a prima facie finding, rendering the reassessment erroneous. The appeal was dismissed with no costs, and the substantial questions of law were answered against the Revenue. Case-Laws Income Tax Mon, 02 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410938