https://www.taxtmi.com/caselaws?id=398417 The appeal was partly allowed with the delay in filing the appeal condoned. The addition of Rs. 5,05,050/- was modified to only consider 8% of the amount as income. Additionally, the addition of Rs. 3 lakhs as unexplained income was deleted, emphasizing that under Section 44AD, further additions based on unexplained deposits are not warranted. The court's decision was pronounced on 11th September 2020. en-us Fri, 11 Sep 2020 00:00:00 +0530 Fri, 27 Nov 2020 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398417 The appeal was partly allowed with the delay in filing the appeal condoned. The addition of Rs. 5,05,050/- was modified to only consider 8% of the amount as income. Additionally, the addition of Rs. 3 lakhs as unexplained income was deleted, emphasizing that under Section 44AD, further additions based on unexplained deposits are not warranted. The court's decision was pronounced on 11th September 2020. Case-Laws Income Tax Fri, 11 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398417