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2011 (1) TMI 611 - HC - Income TaxRectification of mistakes - Income escaping assessment - Opening and assessment u/s 147 / 148 after issuance of notice u/s 154 for rectification of mistake - Held that:- assessing Officer himself realised the mistake of initiating rectification proceedings and when he noticed that the correct recourse open to him under the Act is to make an income escaping assessment, he is entirely free to do it - decided in favor of revenue.
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