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2012 (10) TMI 439 - ITAT, DELHIReopening of assessment u/s 147 - loss on trading of shares - Held that:- The AO has made additions on different heads and no addition has been made under the head which remained the subject matter of the reasons for reopening the assessment & CIT (A) has upheld the validity of reopening has not decided the issue of validity of the notice issued u/s 148 and assessment made in furtherance thereto u/s 147 read with 143 (3) in view of the proviso to section 47, thus in the interest of justice the matter is set aside to the file of the CIT (A) to decide the same afresh - in favour of assessee for statistical purposes.
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