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1998 (3) TMI 9 - SC - Income Tax
Reassessment - Whether, fresh order of assessment of entire income of assessee effects the original assessment order - Held, yes - High Court was right in proceeding on the basis that the earlier assessment order had been effaced by the subsequent order.
The Supreme Court dismissed special leave petitions regarding the reopening of an assessment under section 147 of the Income-tax Act, 1961. The court found that the subsequent assessment order effaced the earlier assessment order, leading to the petitions being dismissed.
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