https://www.taxtmi.com/caselaws?id=421185 The Tribunal upheld the CIT(A)'s decision that no additions can be made to the income of an Assessee assessed under section 44AD of the Income Tax Act, 1961, as long as the conditions are met. The Tribunal confirmed that scrutiny of sundry creditors was not required under section 44AD and that there was no cessation of liability under section 41(1) of the Act. Additionally, the Tribunal directed the separate assessment of interest income received from fixed deposits. The Revenue's appeal was partly allowed, with the order pronounced on 11th April 2022 in Chennai. en-us Mon, 11 Apr 2022 00:00:00 +0530 Tue, 19 Apr 2022 08:54:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421185 The Tribunal upheld the CIT(A)'s decision that no additions can be made to the income of an Assessee assessed under section 44AD of the Income Tax Act, 1961, as long as the conditions are met. The Tribunal confirmed that scrutiny of sundry creditors was not required under section 44AD and that there was no cessation of liability under section 41(1) of the Act. Additionally, the Tribunal directed the separate assessment of interest income received from fixed deposits. The Revenue's appeal was partly allowed, with the order pronounced on 11th April 2022 in Chennai. Case-Laws Income Tax Mon, 11 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421185