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2009 (8) TMI 748 - HC - Wealth-taxReassessment - reopening is made only because the assessee higher value for the landed properties in the income-tax assessment for a later year when the properties were sold - reason for reopening assessment is the assessee's own admission of higher value, reopening is justified and since the net wealth is above Rs. 10 lakhs, the Tribunal rightly held that the assessments are not time-barred – Appeal dismissed
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