https://www.taxtmi.com/caselaws?id=248208 The Tribunal allowed the appeal of the assessee as the reassessment under Section 147 of the Income Tax Act was deemed invalid due to being a mere change of opinion without new tangible material. Consequently, the reassessment made under Section 143(3) read with Section 147 was canceled. Other issues regarding the apportionment method for overheads and adjustment for raw material transfers were not addressed in detail as a result of the invalid reassessment. en-us Fri, 23 May 2014 00:00:00 +0530 Thu, 05 Jun 2014 12:25:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248208 The Tribunal allowed the appeal of the assessee as the reassessment under Section 147 of the Income Tax Act was deemed invalid due to being a mere change of opinion without new tangible material. Consequently, the reassessment made under Section 143(3) read with Section 147 was canceled. Other issues regarding the apportionment method for overheads and adjustment for raw material transfers were not addressed in detail as a result of the invalid reassessment. Case-Laws Income Tax Fri, 23 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248208