Presumptive income u/s 44AF of the Income Tax Act – No nexus had ...

Assessee's Cash Deposits Not Linked to Sales, Section 44AF of Income Tax Act Ruled Inapplicable.

November 2, 2013

Case Laws Income Tax AT

Presumptive income u/s 44AF of the Income Tax Act – No nexus had been established by the assessee with the sale transaction of their business and cash deposited. Thus, Section 44AF cannot be applied in this case - AT

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Presumptive income u/s 44AF of the Income Tax Act – No nexus had ...

Assessee's Cash Deposits Not Linked to Sales, Section 44AF of Income Tax Act Ruled Inapplicable.

November 2, 2013

Case Laws Income Tax AT

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