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1997 (5) TMI 17 - HC - Income TaxExtract: .......dictum of this court in CIT v. Export India Corporation (P.) Ltd. 1996 219 ITR 461, it is held that in view of Circular No. 455, dated May 16, 1986, issued by the Board, acquisition proceedings against the assessee are liable to be dropped. For the reasons stated above, we find no merit in this appeal and dismiss the same with no order as to costs.
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