https://www.taxtmi.com/caselaws?id=422407 The tribunal partially allowed the appeal, directing the AO to reconsider the deduction claimed under Section 80C and deleting the additions made towards cash deposits in the bank account. The tribunal emphasized the importance of considering the assessee's explanations and supporting evidence, particularly in cases involving presumptive taxation under Section 44AD. en-us Wed, 27 Apr 2022 00:00:00 +0530 Sat, 14 May 2022 08:38:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422407 The tribunal partially allowed the appeal, directing the AO to reconsider the deduction claimed under Section 80C and deleting the additions made towards cash deposits in the bank account. The tribunal emphasized the importance of considering the assessee's explanations and supporting evidence, particularly in cases involving presumptive taxation under Section 44AD. Case-Laws Income Tax Wed, 27 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422407