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1988 (7) TMI 3 - HC - Income TaxExtract: .......ier year also interest ought to have been included as the income of the assessee. We are of the view that the Income-tax Officer was justified in reopening the assessment under section 147(b). For the reasons aforesaid, we answer this question in the negative and in favour of the Revenue. There will be no order as to costs. K. M. YUSUF J. -I agree.
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