https://www.taxtmi.com/caselaws?id=16286 Reassessment under Section 41 was treated as timely when read against the assessment year, and the challenge based on limitation and change of opinion was rejected because escaped income could be reopened even on the same materials. Agricultural income had to be computed using the method of accounting regularly employed by the assessee, and the record showed a consistent hybrid method for coffee income that was not properly examined by the reassessing authority. The reassessment order was therefore quashed and the matter remitted for fresh consideration with an opportunity to adduce further evidence. en-us Fri, 28 Aug 1998 00:00:00 +0530 Sat, 05 Sep 2009 16:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16286 Reassessment under Section 41 was treated as timely when read against the assessment year, and the challenge based on limitation and change of opinion was rejected because escaped income could be reopened even on the same materials. Agricultural income had to be computed using the method of accounting regularly employed by the assessee, and the record showed a consistent hybrid method for coffee income that was not properly examined by the reassessing authority. The reassessment order was therefore quashed and the matter remitted for fresh consideration with an opportunity to adduce further evidence. Case-Laws Income Tax Fri, 28 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16286