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2009 (2) TMI 26 - HC - Income TaxNotice u/s 148 - petitioner contend that he had disclosed all material facts necessary for assessment and, therefore, there was no reason to believe that the income relating to gift had escaped assessment - Tribunal gave a categorical finding that the gift cannot be treated to be genuine – tribunal was justified in holding that impugned gift was a matter for consideration in the Regular Assessment and not in Block Assessment and, therefore, notice issued u/s 148 is valid – petition is dismissed
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