https://www.taxtmi.com/highlights?id=47541 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 en-us Sat, 29 Jun 2019 09:38:03 +0530 Sat, 29 Jun 2019 09:38:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47541 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 Highlights Income Tax Sat, 29 Jun 2019 09:38:03 +0530 https://www.taxtmi.com/highlights?id=47541