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2012 (5) TMI 701 - AT - Income TaxExtract: .......able. This would show that there was more than one view possible and hence the CIT erred in assuming jurisdiction u/s 263 (Malabar Industrial Co Ltd v CIT 243 ITR 83 SC). 6. In this view of the matter, we hold that both in the matter of jurisdiction as well as on merits the Assessee succeeds. 7. In the result, the Appeal of the Assessee is allowed.
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