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2009 (11) TMI 406 - HC - Income TaxReassessment- The question raised in the appeal filed by the Revenue is whether the Tribunal was justified in confirming the order of the Commissioner of Income-tax (Appeals) cancelling the reassessment completed under section 147 of the Income-tax Act, 1961 in the case of the respondent for the year 1996-97. Held that- the assessee had claimed credit based on the TDS certificate on rent, but without disclosing the income under the head “Income from House Property”. Thus the reason recorded by the Assessing Officer were sufficient to justify his belief that income had escaped assessment, the order of the Tribunal and the Commissioner (Appeals) were reversed and the matter was remanded back to the first appellate authority for considering the matter on merit.
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