https://www.taxtmi.com/caselaws?id=12004 The court upheld the constitutional validity of section 44AD of the Income-tax Act for the assessment year 1994-95. The petitioner's challenge to the presumption of income at eight per cent of gross receipts for civil construction businesses under section 44AD was dismissed. The court affirmed that section 44AD applies in cases where actual accounts are unavailable, rejecting the argument that it conflicts with other provisions. The Assessing Officer's estimation of income at eight per cent for the petitioner's civil contract works was deemed lawful, leading to the dismissal of the writ petition challenging the validity of section 44AD. en-us Thu, 07 Nov 2002 00:00:00 +0530 Sun, 14 Feb 2010 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12004 The court upheld the constitutional validity of section 44AD of the Income-tax Act for the assessment year 1994-95. The petitioner's challenge to the presumption of income at eight per cent of gross receipts for civil construction businesses under section 44AD was dismissed. The court affirmed that section 44AD applies in cases where actual accounts are unavailable, rejecting the argument that it conflicts with other provisions. The Assessing Officer's estimation of income at eight per cent for the petitioner's civil contract works was deemed lawful, leading to the dismissal of the writ petition challenging the validity of section 44AD. Case-Laws Income Tax Thu, 07 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12004