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2004 (10) TMI 311 - ITAT RANCHIExtract: .......ated as a retail trader for the purpose of s. 44AF of the Act although the assessee sells his products through outlets to the consumers. Accordingly, I hold that the provision of s. 44AF is not applicable in the case of the present assessee. Accordingly, penalty cannot be levied under that provision of law. 11. In the result, the appeal is allowed.
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