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    <title>2004 (9) TMI 328 - ITAT HYDERABAD-B</title>
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    <description>The Tribunal ruled in favor of the assessee, allowing the appeals and directing the Assessing Officer to calculate interest under section 132B(4) up to the date of the last assessment order for the assessment years 1989-90 and 1990-91. The Tribunal interpreted that &#039;regular assessment&#039; includes all assessment orders, not just the first one, as per the legislative provisions and judicial precedents cited by the assessee.</description>
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      <description>The Tribunal ruled in favor of the assessee, allowing the appeals and directing the Assessing Officer to calculate interest under section 132B(4) up to the date of the last assessment order for the assessment years 1989-90 and 1990-91. The Tribunal interpreted that &#039;regular assessment&#039; includes all assessment orders, not just the first one, as per the legislative provisions and judicial precedents cited by the assessee.</description>
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