https://www.taxtmi.com/caselaws?id=221382 The Tribunal upheld the validity of reassessment proceedings initiated by the Assessing Officer, rejecting claims of a change of opinion and lack of new material. The addition of Rs. 1,51,09,660 due to suppression of sales was upheld, with interest charged under Sections 234B and 234D deemed consequential. The Tribunal dismissed the appeal, affirming the AO's actions and citing relevant case law supporting the reassessment within the prescribed time limit. en-us Fri, 20 Jan 2012 00:00:00 +0530 Fri, 08 Mar 2013 07:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221382 The Tribunal upheld the validity of reassessment proceedings initiated by the Assessing Officer, rejecting claims of a change of opinion and lack of new material. The addition of Rs. 1,51,09,660 due to suppression of sales was upheld, with interest charged under Sections 234B and 234D deemed consequential. The Tribunal dismissed the appeal, affirming the AO's actions and citing relevant case law supporting the reassessment within the prescribed time limit. Case-Laws Income Tax Fri, 20 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221382