https://www.taxtmi.com/caselaws?id=71999 The Tribunal quashed the reassessment proceedings initiated under Section 147, deeming them based on a mere change of opinion without new material facts. The original assessment was considered proper, with all relevant explanations and affidavits reviewed. The addition of Rs. 22,58,241 and interest charges under Sections 234B and 234C were nullified, leading to the appeal being allowed in favor of the assessee. en-us Mon, 01 Sep 2008 00:00:00 +0530 Mon, 06 Aug 2012 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71999 The Tribunal quashed the reassessment proceedings initiated under Section 147, deeming them based on a mere change of opinion without new material facts. The original assessment was considered proper, with all relevant explanations and affidavits reviewed. The addition of Rs. 22,58,241 and interest charges under Sections 234B and 234C were nullified, leading to the appeal being allowed in favor of the assessee. Case-Laws Income Tax Mon, 01 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71999