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2012 (5) TMI 390 - AT - Income TaxApplication u/s 254(2) - It has been mentioned that the revisionary order was passed to withdraw deduction u/s 80-IB granted by the AO on export incentives received by the assessee - It is true that a subsequent decision of the jurisdictional High Court or the apex Court forms a valid basis for rectification of an order under s. 254(2) - The decision of the Supreme Court in the case of Liberty India (2009 -TMI - 34471 - SUPREME COURT) was rendered on 31st Aug., 2009, i.e., three years and five months after passing the revisionary order - Appeal is dismissed
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