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2005 (7) TMI 43 - HC - Income Tax"1. Whether, Tribunal was right in holding that reopening of the assessment under section 147(a), could not be reagitated after the said point was consciously waived by the assessee vide letter dated August 10,1990, submitted to the Commissioner of Income-tax (Appeals)? 2. Whether, Tribunal was right in law in holding that the assessing authority had jurisdiction to initiate proceedings for reassessment under section 147(a) of the Act? 3. Whether Tribunal was justified in confirming the addition representing the difference between purchase price of the first floor of the house property as recorded in the seized diary and the purchase price shown in the agreement for purchase of the said property?" - impugned order of the Tribunal does not suffer from any legal infirmity
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