https://www.taxtmi.com/caselaws?id=120548 The Tribunal allowed the appeal, annulling the reassessment initiated under section 147 of the Income-tax Act, as it was time-barred and lacked new material evidence, being merely based on a change of opinion. The original assessment completed under section 143(3) was deemed sufficient, rendering the reassessment invalid. Consequently, the Tribunal did not address the merits of the classification of purchases of coolers and refrigerators, treatment of receipts from Britco Foods Ltd., and treatment of receipts from dealers and retailers. en-us Tue, 22 Apr 2008 00:00:00 +0530 Sat, 21 Jul 2012 11:38:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120548 The Tribunal allowed the appeal, annulling the reassessment initiated under section 147 of the Income-tax Act, as it was time-barred and lacked new material evidence, being merely based on a change of opinion. The original assessment completed under section 143(3) was deemed sufficient, rendering the reassessment invalid. Consequently, the Tribunal did not address the merits of the classification of purchases of coolers and refrigerators, treatment of receipts from Britco Foods Ltd., and treatment of receipts from dealers and retailers. Case-Laws Income Tax Tue, 22 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120548