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2013 (11) TMI 978 - ALLAHABAD HIGH COURTApplicability of section 292BB – Held that:- Notice was served after 1.4.2008 i.e., after the date of incorporation of Section 292BB of Income Tax Act - CBDT Circular No.549 of 1989 concedes that if the assessee after furnishing the return of income does not receive a notice under section 143 (2) of the Act within the stipulated period, he can take it that the return filed by him has become final and no scrutiny proceedings are to be started in respect of that return - The provision of Section 292BB of the Act has been inserted by the Finance Act, 2008 w.e.f. 01.04.2008 - The new provision is applicable for the assessment year 2008-09 and certainly not applicable for the assessment year under consideration i.e. 2007-08 – Decided against Revenue.
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