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1990 (2) TMI 37 - HC - Income TaxExtract: .......ason to believe that, as a result of non-disclosure, income chargeable to tax has escaped assessment in that year . And this issue, we do venture to think, cannot be determined with reference to profits and losses in the subsequent years. In the premises, the petitions fail and are dismissed. The interim orders are discharged. No order as to costs.
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