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1994 (12) TMI 131 - AT - Income TaxExtract: .......up, we hold that the AO was justified in reopening the assessment in this case on the basis of audit objection which made a good information in his possession for his belief that income chargeable to tax had escaped assessment. We accordingly vacate the CIT(A) s order and restore that of the AO on this point. 11. In the result the appeal is allowed
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