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In the result, all the appeals of assessee in ITA No
Bench: Shri Rajpal Yadav, Vp & Shri Dr. Manish Borad, Am
penalty levied may be affirmed. 05. We have heard and perused the records available on record. We observe that the assessee is a individual and running a business as sole proprietor of M/s Neha Kil Bhandar. Facts remain undisputed that the assessee has furnished the return, declaring income under presumptive taxation scheme i.e. Section 44AD