https://www.taxtmi.com/caselaws?id=59534 The Tribunal ruled in favor of the assessee, quashing the reopening of assessments under section 147 of the IT Act for the years 1997-98 to 1999-2000. The Tribunal found that the Assessing Officer erred in invoking section 14A and CBDT Circular No. 11 of 2001 to reopen the assessments, as assessments completed before April 1, 2001, should not be reopened per the proviso to section 14A. As a result, the Tribunal allowed all three appeals of the assessee, focusing on the incorrect application of section 14A and ordering the assessments to be quashed. en-us Fri, 14 Nov 2003 00:00:00 +0530 Fri, 15 Jun 2012 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59534 The Tribunal ruled in favor of the assessee, quashing the reopening of assessments under section 147 of the IT Act for the years 1997-98 to 1999-2000. The Tribunal found that the Assessing Officer erred in invoking section 14A and CBDT Circular No. 11 of 2001 to reopen the assessments, as assessments completed before April 1, 2001, should not be reopened per the proviso to section 14A. As a result, the Tribunal allowed all three appeals of the assessee, focusing on the incorrect application of section 14A and ordering the assessments to be quashed. Case-Laws Income Tax Fri, 14 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59534