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2003 (8) TMI 206 - AT - Income TaxExtract: ....... view, it is prospectively effective. Since search in this case was conducted prior to 1st June, 2002, therefore, charging of surcharge by the AO and its confirmation by the learned CIT(A) is found to be not legally correct. As such, levy of surcharge in the case of the assessee is quashed. 10. As a result, the appeal of the assessee gets accepted.
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