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2006 (3) TMI 235 - ITAT HYDERABAD-BExtract: .......s not lost to the assessee. This view is in consonance with the decision of Apex Court in the case of Kedarnath Jute Mfg. Co. Ltd. With these observations, I set aside the matter to the file of the Assessing Officer for reconsideration of the matter in accordance with law. 8. In the result, the appeal is treated as allowed for statistical purposes.
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