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    <description>The Income Tax Appellate Tribunal (ITAT) held that the reassessment proceedings initiated under Section 147 were invalid as the notice under Section 148 disregarded the valid return pending assessment. Consequently, the ITAT allowed the appeal of the assessee, quashing the reassessment proceedings.</description>
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      <description>The Income Tax Appellate Tribunal (ITAT) held that the reassessment proceedings initiated under Section 147 were invalid as the notice under Section 148 disregarded the valid return pending assessment. Consequently, the ITAT allowed the appeal of the assessee, quashing the reassessment proceedings.</description>
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