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2007 (2) TMI 162 - HC - Income TaxReassessment notice u/s 148 issued to petitioner on basis of ledger account of another company as there were transactions pertaining to petitioner’s group – on basis of material before it revenue had ‘reason to believe’ that some income has escaped assessment - revenue must be free to arrive at a conclusion based on the material before it – impugned petition against that notice is not entertainable by HC under article 226 of Constitution of India because there is no reason to do so
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