https://www.taxtmi.com/caselaws?id=185205 The Tribunal held that the reassessment beyond the time limit specified in the proviso to section 147 of the Income Tax Act was illegal as it was based on a change of opinion, not on new undisclosed facts. Consequently, the reassessment proceedings were annulled, and the order of the CIT(A) was set aside. The appeal by the assessee was allowed, while the appeal by the Revenue was dismissed. en-us Wed, 31 Oct 2007 00:00:00 +0530 Wed, 03 Aug 2016 18:34:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185205 The Tribunal held that the reassessment beyond the time limit specified in the proviso to section 147 of the Income Tax Act was illegal as it was based on a change of opinion, not on new undisclosed facts. Consequently, the reassessment proceedings were annulled, and the order of the CIT(A) was set aside. The appeal by the assessee was allowed, while the appeal by the Revenue was dismissed. Case-Laws Income Tax Wed, 31 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185205