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    <description>The High Court upheld the validity of reassessment proceedings under Section 147 of the Income Tax Act for Assessment Year 2004-05. The Court dismissed the writ petition challenging the reassessment, emphasizing that the notice was issued within the statutory period. The petitioner was directed to participate in the process and submit objections, in accordance with Supreme Court directions, affirming the respondent&#039;s jurisdiction in initiating the reassessment proceedings.</description>
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