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1990 (3) TMI 99 - ITAT ALLAHABAD-BExtract: .......t registration which already stood granted to the assessee firm in earlier years would continue for the year under consideration also. It will however, be open to the Revenue to initiate action in terms of s. 186(1) of the IT Act, 1961, if it is otherwise permissible in law. 12. For statistical purposes, we will treat the present appeal as allowed.
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