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2006 (1) TMI 168 - ITAT BANGALORE-AExtract: .......eady offered by the assessee as additional income which has been accepted at the time of assessment and no further addition was made. Therefore, we do not find any concrete reason for initiating the proceedings under s. 263 of the Act. Hence, the order under s. 263 is cancelled and the appeal is allowed. In the result, both the appeals are allowed.
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