https://www.taxtmi.com/caselaws?id=771304 Tribunal affirmed CIT(A)'s decision to apply section 44AF at 5% profit rate for undisclosed agency sales turnover, instead of section 44AD at 8%. The ruling emphasized that submission of audited accounts under section 44AB contradicts presumptive taxation under section 44AD. With no evidence presented by the assessee, the Tribunal upheld the income addition and dismissed the appeal. en-us Fri, 16 May 2025 00:00:00 +0530 Fri, 23 May 2025 08:46:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771304 Tribunal affirmed CIT(A)'s decision to apply section 44AF at 5% profit rate for undisclosed agency sales turnover, instead of section 44AD at 8%. The ruling emphasized that submission of audited accounts under section 44AB contradicts presumptive taxation under section 44AD. With no evidence presented by the assessee, the Tribunal upheld the income addition and dismissed the appeal. Case-Laws Income Tax Fri, 16 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771304