https://www.taxtmi.com/caselaws?id=765536 An assessee returning income under the presumptive scheme of section 44AD, and accepted by the Revenue as eligible for that scheme, cannot be subjected to separate scrutiny of individual expenses or ad hoc disallowance under sections 28 to 43C. Once income is computed on the presumptive basis, separate item-wise examination of expenditure is inconsistent with the scheme. The addition sustained on estimation was therefore deleted, and the issue was decided in favour of the assessee. en-us Fri, 31 Jan 2025 00:00:00 +0530 Mon, 03 Feb 2025 08:13:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765536 An assessee returning income under the presumptive scheme of section 44AD, and accepted by the Revenue as eligible for that scheme, cannot be subjected to separate scrutiny of individual expenses or ad hoc disallowance under sections 28 to 43C. Once income is computed on the presumptive basis, separate item-wise examination of expenditure is inconsistent with the scheme. The addition sustained on estimation was therefore deleted, and the issue was decided in favour of the assessee. Case-Laws Income Tax Fri, 31 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765536