TMI Blog2018 (2) TMI 1802X X X X Extracts X X X X X X X X Extracts X X X X ..... T Vs. Kelvinator of India Ltd [2010 (1) TMI 11 - SUPREME COURT OF INDIA] with regard to the permissible framework within which the Revenue Authority can issue re-assessment notice. Nevertheless, the Court has also considered all the relevant previous decisions especially in the light of the amendments to Section 147 which has also inserted Explanation 1. No question of law - ITA 161/2018, ITA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... layed the assessment, after examining it on merits. The ITAT affirmed the CIT s opinion but held that the re-assessment was unwarranted and relied upon the judgment of the Supreme Court in CIT Vs. PVS Beedis Pvt. Ltd. 1998 (9) SCC 272. This Court is of the opinion that these arguments are untenable in view of the subsequent decision of the Supreme Court in CIT Vs. Kelvinator of India Ltd, 32 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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