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2018 (4) TMI 341 - DELHI HIGH COURTReopening of assessment - Disallowance of deduction u/s 54B - Held that:- The ground on which the reassessment was conducted appears to be the Revenue’s audit objections. In this regard, the CIT(A) and the Tribunal, in our opinion, followed the settled law in holding that it amounted to formulation of a fresh opinion based upon the same material because the assessee could not be said to have withheld any material information in the returns. Furthermore, on the other issue, i.e. merits, the Court is of the opinion that concurrent findings having been rendered, this Court refrains from interference with these orders.
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