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Two opinion by AO

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17 March 2009 Where two views are possible, & the AO has made an assessment by adopting one view, the can we go for re-assessment proceeding.

17 March 2009 Dear Pankaj,

No, reassement proceeding can't be made to adopt other view u/s 147.

I believe the case law is Sambhar Salt Ltd.

17 March 2009 NO WE CAN NOT INITIATE RE ASST PROCEEDING BUT YOU CAN APPEAL AGNST THE ORDER OF THE AO




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