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2005 (2) TMI 58 - HC - Income TaxFirm – assessment - "Whether Tribunal was justified in holding that there was no assessment or reassessment of the firm or reduction or enhancement in the income of the firm and that the provisions of section 155(1) had no application to the instant case?" – Held that Tribunal committed illegality in not giving the comprehensive meaning to the word "assessment" mentioned in section 155 of the Act. The question of law referred to us is therefore answered in the negative, i.e., in favour of the Department and against the assessee.
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