Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Addition u/s 68 - assessee opted to declare income u/s 44AD @ 8% - Section 44AD was introduced to help the small traders to tax on presumptive basis who have difficulties in maintaining books of account and other records - neither AO nor the CIT(A) have given any reason as to why the provisions of Section 44AD are not applicable to this case - no addition u/s 68 when income has been estimated
Addition u/s 68 - assessee opted to declare income u/s 44AD @ 8% - Section 44AD was introduced to help the small traders to tax on presumptive basis who have difficulties in maintaining books of account and other records - neither AO nor the CIT(A) have given any reason as to why the provisions of Section 44AD are not applicable to this case - no addition u/s 68 when income has been estimated
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
