https://www.taxtmi.com/caselaws?id=59482 The Tribunal set aside the lower authorities' orders and deleted disallowances under section 14A in reassessment proceedings, emphasizing that the Assessing Officer could not reassess income under section 14A once the notice period under section 143(2) had expired. The appeals were allowed, highlighting that reassessment for disallowances under section 14A was not permissible after the notice period had lapsed, in line with the proviso to section 14A and relevant Board Circular. en-us Fri, 07 Jul 2006 00:00:00 +0530 Mon, 16 Jul 2012 18:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59482 The Tribunal set aside the lower authorities' orders and deleted disallowances under section 14A in reassessment proceedings, emphasizing that the Assessing Officer could not reassess income under section 14A once the notice period under section 143(2) had expired. The appeals were allowed, highlighting that reassessment for disallowances under section 14A was not permissible after the notice period had lapsed, in line with the proviso to section 14A and relevant Board Circular. Case-Laws Income Tax Fri, 07 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59482