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2009 (2) TMI 55 - HC - Income TaxWhether reopening of the assessment beyond four years is justified – reassessment order on ground that goodwill is not an intangible asset and, therefore, not eligible for depreciation u/s 32(3)(b) – since there was no failure on the part of the petitioner to disclose all facts, the reopening of the assessment after the expiry of 4 years cannot be sustained - ingredients of section 147 are not fulfilled by revenue - notice issued u/s 148 after the expiry of four years is quashed and set aside
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