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2007 (7) TMI 257 - HC - Income TaxAO proposed to reopen the assessment for change of opinion with reference to valuation method adapted – valuation of the property admitted by the assessee in the income tax return and the wealth tax return were accepted by the Assessing Officer - Held that section 147 of the Act does not postulate conferment of power upon the Assessing Officer to initiate reassessment proceedings upon a mere change of opinion – revenue appeal is dismissed
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