https://www.taxtmi.com/acts?id=49987 Where the assessee adduces evidence that profits and gains from the specified business for the relevant previous year are lower than the presumptive amount, the presumptive taxation provisions shall not apply and the Assessing Officer shall proceed to make a full assessment of the assessee's total income or loss and determine the sum payable on the basis of that assessment. en-us Sat, 01 Mar 2025 13:59:27 +0530 Sat, 01 Mar 2025 13:59:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49987 Where the assessee adduces evidence that profits and gains from the specified business for the relevant previous year are lower than the presumptive amount, the presumptive taxation provisions shall not apply and the Assessing Officer shall proceed to make a full assessment of the assessee's total income or loss and determine the sum payable on the basis of that assessment. Act-Rules F. Acts / Amendment Acts Sat, 01 Mar 2025 13:59:27 +0530 https://www.taxtmi.com/acts?id=49987