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2009 (8) TMI 1180 - AT - Income TaxExtract: .......e and that when the assessing officer had taken one of the possible views then the order of the AO cannot be termed as erroneous and the CIT was not having power to cancel the assessment order u/s 263 of the Act. It is ordered accordingly. 8. In the result, the assessee company's appeal is allowed. Pronounced in the open court on this 7.8.2009.
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