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1971 (12) TMI 13 - HC - Income TaxA return filed by an association of persons can not be treated as a return filed by a firm – contention of the revenue was that there was no return at all by the assessee in this case and that, in any case, the disposal by the Income-tax Officer by noting in his order sheet " N.A " i.e. not assessable, amounted to a termination of the proceedings and that since those returns did not disclose all materials for proper assessment as it came later to light, section 34 was properly invoked - reassessment u/s 34 was valid - reference is answered against the assessee and in favour of the revenue
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