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1981 (9) TMI 179 - ITAT DELHI-BExtract: .......ts mentioned above. On the contrary, the action of the Commr. seems to be based on mere suspicion and surmises, and, hence, was not justified in setting aside the assessment u/s 263 of the Act. We therefore, cancel the order of the CIT passed u/s 263 of the Act and restore the assessment passed by the ITO. 10. In the results, the appeal is allowed.
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