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1987 (8) TMI 165 - ITAT MADRAS-CExtract: .......isions of section 7(4). Accordingly there is no wealth which has escaped assessment. In the circumstances, the reassessment made by the WTO is liable to be quashed on both the grounds namely, that the reopening of the assessment is itself bad in law and even otherwise, there is no wealth escaping assessment. 6. In the result, the appeal is allowed.
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