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2007 (10) TMI 436 - AT - Income TaxExtract: .......roneous but prejudicial to the interest of the revenue. In the instant case both these conditions are not satisfied and we therefore of the view that CIT was not justified in invoking his powers under section 263 for revising the assessment order. We therefore set aside the order of the CIT. 13. In the result, the appeal of the assessee is allowed.
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