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1987 (7) TMI 150 - ITAT COCHINExtract: ....... assessment, the ITO discovers that he has committed an error in consequence of which income has escaped assessment, it is open to him to reopen the assessment. Thus, in the circumstances of the case, we hold that the reopening of the assessment is not valid and the CIT (A) was right in annulling the same. 7. In the result, the appeal is dismissed.
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