https://www.taxtmi.com/caselaws?id=394911 The Tribunal allowed the appeal, deleting the addition of Rs. 50,50,000 made by the Assessing Officer under Section 69A of the Income Tax Act. It held that the assessee's declarations under Section 44AD were valid, supported by sufficient evidence, and that the procedural aspects of the assessment did not justify the addition. The Tribunal emphasized the importance of considering all evidence and providing a fair opportunity to the assessee. en-us Mon, 24 Feb 2020 00:00:00 +0530 Wed, 29 Apr 2020 09:18:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394911 The Tribunal allowed the appeal, deleting the addition of Rs. 50,50,000 made by the Assessing Officer under Section 69A of the Income Tax Act. It held that the assessee's declarations under Section 44AD were valid, supported by sufficient evidence, and that the procedural aspects of the assessment did not justify the addition. The Tribunal emphasized the importance of considering all evidence and providing a fair opportunity to the assessee. Case-Laws Income Tax Mon, 24 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394911