AO can initiate reassessment if excess deduction was allowed to assessee on basis of info. supplied by it: HC

INCOME-TAX :. Where on account of certain informations provided by the assessee, a wrong assessment has been made and the excess deduction was allowed to assessee under section 80IA so as to cause loss to the Revenue, then it is to be construed that the assessee has not disclosed fully and truly all material facts and excess claim allowed to asseesse should be disallowed

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