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2008 (8) TMI 125 - HC - Income TaxIncome to have escaped assessment – whether in case where despite existence of material on record, to arrive at a conclusion about escapement of certain income from assessment, in the re-assessment proceedings where such income is not found to have escaped assessment, it is open to AO to complete the re-assessment proceedings, by finding some other income, to be liable to be subjected to tax – Held, no - Tribunal rightly quashed the reassessment and the consequential additions made therein
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