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2007 (4) TMI 306 - AT - Income TaxExtract: .......acts and circumstances for this year are also similar to those of earlier two years. Similar reasons were recorded by the AO on 16th July, 1990 and the income of the assessee returned for this year is again below the taxable limit. Following the view taken above, I quash the reassessment for this year also. 12. In the result, the appeal is allowed.
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