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2007 (9) TMI 258 - HC - Income TaxReopening the assessment by issuance of a notice u/s 148 - notice after four years that speculative loss cannot be allowed to be set off against the business income of the assessee on ground that dealing in shares is not main business of assessee - Complete details of the sale and purchase of shares and the comparative figures of the earlier years had been given by the assessee to AO - reopening of the completed assessment is only as a result of change of opinion of the Assessing Officer - notice was clearly barred by limitation
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