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2008 (7) TMI 285 - HC - Income TaxNotice u/s 148 – claim made with insurance company on account of loss due to fire – subsequent report of insurance company stating loss was less than claimed - in the absence of any failure on the part of the petitioner, the impugned notice could not have been issued beyond a period of 4 years to reduce the loss - - it is not possible to state that there was any omission to fully and truly disclose all material facts relevant for the assessment - impugned notice is quashed and set aside
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