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2003 (11) TMI 280 - ITAT BANGALORE-C
Extract:
.......t attracted for this item of addition also. Non-filing of appeal by the assessee before Income-tax Appellate Tribunal cannot be viewed against the assessee so as to attract the penalty under section 158BFA(2). No other income is treated as undisclosed. We accordingly, cancel the levy of penalty. In the result, the appeal of the assessee is allowed.