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2008 (1) TMI 284 - HC - Income TaxReopening of assessment on ground that assessee not disclosed profits from scrap –all material facts disclosed truly– tribunal has accepted the manner in which the scrap generated was disposed of & accepted the material of accounts when the scrap was finally sold – when AO made assessment u/s 143(3), it was already in knowledge of him that stock register of scrap was not maintained – hence there is no reason warranting the reopening of concluded assessment
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