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2018 (6) TMI 214 - AT - Income TaxReopening of assessment - Disallowance u/s 80IAB in respect of income earned from house property - validity of reason to believe - reopening before expiry of four years - Held that:- Merely because reopening of assessment u/s 147 was before expiry of four years from the end of the relevant assessment year, that by itself will not give licence to the AO to exercise his powers u/s 147 with impunity even in the absence or lack of fresh tangible material coming to his possession - thus we uphold the order of the learned CIT(A) on this issue - appeal filed by Revenue is dismissed
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