https://www.taxtmi.com/caselaws?id=388991 The Tribunal allowed the appeal in favor of the assessee, ruling that the additional assessments by the AO were not justified under the presumptive taxation scheme of Section 44AD. Emphasizing the purpose of simplifying tax compliance for small businesses, the Tribunal held that further additions under Sections 68 or 69A should not be made unless the turnover itself is disputed. The Tribunal deleted the addition made by the AO, highlighting that presumptive taxation should not be undermined by unnecessary scrutiny of accounts not required under Section 44AD. en-us Tue, 19 Nov 2019 00:00:00 +0530 Thu, 28 Nov 2019 13:41:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388991 The Tribunal allowed the appeal in favor of the assessee, ruling that the additional assessments by the AO were not justified under the presumptive taxation scheme of Section 44AD. Emphasizing the purpose of simplifying tax compliance for small businesses, the Tribunal held that further additions under Sections 68 or 69A should not be made unless the turnover itself is disputed. The Tribunal deleted the addition made by the AO, highlighting that presumptive taxation should not be undermined by unnecessary scrutiny of accounts not required under Section 44AD. Case-Laws Income Tax Tue, 19 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388991