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2004 (2) TMI 8 - BOMBAY HIGH COURTReopening has been ordered after the expiry of period of four years – assessments were completed u/s 143(3) after detailed investigation. The reliefs under sections 80HH, 80HHA and 80-I were granted for those years on the basis of the particulars furnished by the assessee. In the reasons recorded for reopening the assessment, no new materials have been set out so as to deny the benefit under sections 80HH, 80HHA and 80-I. The reasons recorded do not allege any failure on the part of the assessee to disclose fully and truly all material facts required for the assessments in question - as such impugned notices are liable to be quashed and set aside on this count alone.
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