Court Clarifies: Assessments u/s 153A Can Be Reopened u/s 147 of the Income Tax Act.

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....Legality and validity of the impugned notice issued u/s 148 seeking to reopen an assessment as undertaken u/s 153A - To say that the assessment undertaken u/s 153A of the Act can never be reopened under Section 147 of the Act, would be an incorrect statement of law.- HC....