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2012 (7) TMI 801 - HC - Income TaxChallenge the reassessment orders - Held that:- AO had recorded detailed reasons in order to arrive at the conclusion that provisions of section 68 are applicable and thus resulted in escapement of income and there is nexus between the specific information and reasons recorded by the AO. Therefore AO is justified in reopening the assessment - no substantial question of law arises for consideration
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