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1980 (7) TMI 120 - ITAT BOMBAYExtract: .......ation of the assessee, on behalf of the Revenue, no positive material was brought on record to show that the assessee consciously failed to disclose the sum of Rs. 2,500 in the return. Thus in our opinion, in the present case, no penalty is called for. Accordingly, the impugned order of penalty is cancelled. 8. In the result, the appeal is allowed.
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