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Bench: MS. JUSTICE RITU BAHRI,MRS. JUSTICE MANISHA BATRA
reopening of the assessment order can only be exercised, where the allegations are that the deductions were wrongly allowed on account of the fact that the “assessee had failed to disclose true and full material facts necessary for deductions.” For reference, Section 147 of the Income Tax Act, 1961 is reproduced as under:- “147. Income escaping assessment If any income