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2008 (1) TMI 902 - AT - Income TaxExtract: .......ssment of the assessee was reopened, the CIT was justified in assuming jurisdiction u/s 263 of the Act as the order of the Assessing Officer was erroneous in so far as prejudicial to the interest of revenue. 13. In the result, for all the three assessment years, the appeals of the assessee are dismissed. 14. Pronounced in the open court on 31.1.08.
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