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Income Tax - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Unexplained money u/s 69A - assessee had not maintained books of ...


Assessee's 8% Income Declaration u/s 44AD Accepted; Revenue's Doubt on Turnover Rejected u/s 69A.

April 29, 2020

Case Laws     Income Tax     AT

Unexplained money u/s 69A - assessee had not maintained books of account that is why he opted for 8 per cent income as per section 44AD - Argument of the revenue that the turnover of the assessee has been doubted by the Assessing Officer is totally ill-found - AT

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