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1980 (4) TMI 70 - BOMBAY HIGH COURTExtract: .......be stated to be rejected. Thus, we are more than satisfied for the reasons stated above that the ITO was not competent to initiate reassessment proceedings under s. 34(1)(b) of the Act. In the circumstances, our answer to the question referred to us is in the negative and in favour of the assessee. The assessee will get the costs of this reference.
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