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2020 (2) TMI 1682 - ALLAHABAD HIGH COURTReopening of assessment u/s 147 - whether the learned Tribunal was legally justified in upholding the action of the Assessing Officer reassessing the “interest income” of the appellant under sections 147 / 148? - HELD THAT:- This question has to be answered in the affirmative notwithstanding the fact that the AO, admittedly, on account of oversight / mistake failed to assess the interest income since there was no question of double addition which had arisen in this case. A judgment of the Hon'ble Supreme Court which was referred to and relied upon by the learned advocate representing the appellant rendered in Commissioner of Income-Tax v. Corporation Bank Ltd. [1999 (2) TMI 16 - SUPREME COURT] has no manner of application at all in the facts of the instant case, since that judgment was rendered prior to the applicable law having undergone several amendments.
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