https://www.taxtmi.com/highlights?id=65643 Estimation of income - garnered transportation receipts - Applicability u/s 44AD for receipts on account of truck plying business - If in case the assessee is unable to substantiate his claim of having garnered transportation receipts, as claimed, to the satisfaction of the AO, then, the estimation of his income as worked out by the AO i.e @8% of the gross receipts shall be sustained. - AT en-us Thu, 15 Sep 2022 13:29:13 +0530 Thu, 15 Sep 2022 13:29:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65643 Estimation of income - garnered transportation receipts - Applicability u/s 44AD for receipts on account of truck plying business - If in case the assessee is unable to substantiate his claim of having garnered transportation receipts, as claimed, to the satisfaction of the AO, then, the estimation of his income as worked out by the AO i.e @8% of the gross receipts shall be sustained. - AT Highlights Income Tax Thu, 15 Sep 2022 13:29:13 +0530 https://www.taxtmi.com/highlights?id=65643