https://www.taxtmi.com/caselaws?id=67180 The Tribunal invalidated the reassessment proceedings under Section 148 as they were based on a mere change of opinion, contrary to law. The issue of adding Rs. 1,15,20,000 due to a change in the method of valuation of closing stock was remanded back to the Assessing Officer for further examination. The Tribunal directed the charging of interest under Sections 234B and 234C as per the provisions of the Income Tax Act. en-us Fri, 27 Feb 2004 00:00:00 +0530 Thu, 28 Jun 2012 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67180 The Tribunal invalidated the reassessment proceedings under Section 148 as they were based on a mere change of opinion, contrary to law. The issue of adding Rs. 1,15,20,000 due to a change in the method of valuation of closing stock was remanded back to the Assessing Officer for further examination. The Tribunal directed the charging of interest under Sections 234B and 234C as per the provisions of the Income Tax Act. Case-Laws Income Tax Fri, 27 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67180