https://www.taxtmi.com/caselaws?id=776247 The ITAT Mumbai held that GST cannot be included in the computation of presumptive income under Section 44B(1) of the Act, deleting the addition made by the AO for AY 2022-23, following its earlier decision for AY 2020-21. Additionally, the Tribunal ruled that the provisions of Section 115JB (MAT) do not apply to the assessee under Explanation 4A to Section 115JB(1), consistent with its prior findings for AY 2020-21. Consequently, the additions and applicability of MAT provisions challenged by the assessee were disallowed. en-us Wed, 25 Jun 2025 00:00:00 +0530 Wed, 06 Aug 2025 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776247 The ITAT Mumbai held that GST cannot be included in the computation of presumptive income under Section 44B(1) of the Act, deleting the addition made by the AO for AY 2022-23, following its earlier decision for AY 2020-21. Additionally, the Tribunal ruled that the provisions of Section 115JB (MAT) do not apply to the assessee under Explanation 4A to Section 115JB(1), consistent with its prior findings for AY 2020-21. Consequently, the additions and applicability of MAT provisions challenged by the assessee were disallowed. Case-Laws Income Tax Wed, 25 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776247