https://www.taxtmi.com/caselaws?id=263238 The Tribunal allowed the appeal, directing the Assessing Officer to determine the income under section 44AD. It held that section 40(a)(ia) cannot be invoked when income is assessed under the presumptive scheme of section 44AD, emphasizing the overriding effect of the non obstante clause in section 44AD. The Tribunal found that the assessee's net profit met the criteria under section 44AD, rejecting the CIT(A)'s decision to disallow expenses under section 40(a)(ia) due to non-deduction of TDS. en-us Wed, 05 Aug 2015 00:00:00 +0530 Sat, 29 Aug 2015 05:57:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263238 The Tribunal allowed the appeal, directing the Assessing Officer to determine the income under section 44AD. It held that section 40(a)(ia) cannot be invoked when income is assessed under the presumptive scheme of section 44AD, emphasizing the overriding effect of the non obstante clause in section 44AD. The Tribunal found that the assessee's net profit met the criteria under section 44AD, rejecting the CIT(A)'s decision to disallow expenses under section 40(a)(ia) due to non-deduction of TDS. Case-Laws Income Tax Wed, 05 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263238