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1988 (7) TMI 91 - ITAT BOMBAY-BExtract: .......ue and indefinite which would warrant the formation of the belief. 9. It is therefore held that reassessment cannot be made u/s. 147(a), but can be made u/s. 147(b). However, the reassessment u/s. 147(b) is admittedly barred by limitation. The reassessments for both the years are therefore cancelled. 10. In the result, both the appeals are allowed.
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