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2003 (6) TMI 18 - HC - Income TaxReassessment notice – exclusion from limitation - A time bared assessment cannot be reopened in the absence of any specific power available to the Revenue in the matter of reassessment. As observed by the apex court, finality has to be at one stage or the other. - These petitions are allowed. The impugned notices are set aside. A direction is issued to the respondent not to proceed further in the given circumstances by way of reopening of the assessment proceedings
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