Validity of Reopening for making section 14A disallowance

Bharat Chimanlal Parekh Vs ITO (ITAT Mumbai) Undisputedly, the assessee has voluntarily filed his return of income within the time prescribed under section 139(1) of the Act and the assessment was completed under section 143(3) of the Act. On a perusal of the documents placed in the paper book, it is very much evident, in course of original assessment proceedings the Assessing Officer from time to time has called for various details from the assessee by issuing statutory notices under section 142(1) and 143(2) of the Act and the assessee has duly complied with them. The aforesaid facts clearly...