https://www.taxtmi.com/caselaws?id=752388 The Tribunal concluded that the CPC exceeded its authority under section 143(1) by applying section 44ADA based on Form No.26AS, which misclassified contract receipts as professional income. Consequently, the Tribunal set aside the CPC's prima facie adjustment and allowed the appeal, recognizing the appellant's income declaration under section 44AD. en-us Mon, 06 May 2024 00:00:00 +0530 Thu, 09 May 2024 07:21:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752388 The Tribunal concluded that the CPC exceeded its authority under section 143(1) by applying section 44ADA based on Form No.26AS, which misclassified contract receipts as professional income. Consequently, the Tribunal set aside the CPC's prima facie adjustment and allowed the appeal, recognizing the appellant's income declaration under section 44AD. Case-Laws Income Tax Mon, 06 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752388