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2014 (5) TMI 589 - HC - Income TaxValidity of reassessment u/s 148 of the Act - Concealment or suppression of material facts – Held that:- There was no fresh or tangible material - the only ground on which reassessment can be made u/s 148 pursuant to the declaration of law in Commissioner of Income Tax, Delhi Versus M/s. Kelvinator of India Limited [2010 (1) TMI 11 - SUPREME COURT OF INDIA] the reassessment notice and the final order rejecting the objections and the consequential reassessment order is set aside - the AO has no power to review - he has the power to re-assess - Decided in favour of Assessee.
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