Section 44AD Income-tax Act

Browsing: Section 44AD Income-tax Act

Rs 8 lakh cash deposited in bank – man gets tax notice! Assessing officer deems it presumptive business income, but taxpayer wins case in ITAT – ruling explained

By AdminOctober 30, 20250

During the assessment, the AO estimated Kumar’s business income under Section 44AD — something completely outside the scope of the…