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1971 (1) TMI 46 - HC - Income TaxPetitioner challenges the notice issued under section 148 - When depreciation on machinery was claimed and allowed, if subsequently it is learned that the machinery did not exist, whether the assessment can be reopened – it would be unreasonable to say that the petitioner had disclosed truly and fully all primary facts. In that view of the matter the conditions precedent required for the issue of the notice have been fulfilled - held that that there was reasonable ground for reopening the assessment
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