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1988 (7) TMI 120 - AT - Income TaxExtract: .......ablish the suspicion that was in the mind of the Income-tax authorities that it was a transaction in which the assessee had exported goods at a much lower value, resulting in the escapement of income. Accordingly, we quash the re-assessment for both the years. The appeal for asst. yr. 1967-68 succeeds and that of asst. yr. 1968-69 succeeds in part.
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