https://www.taxtmi.com/caselaws?id=777073 Presumptive income declared under section 44ADA, which deems profits at 50% of gross receipts, precluded an adjustment for remuneration received from an LLP during return processing under section 143(1)(a)(v). The addition was unsustainable because the taxpayer had already returned income under the presumptive scheme and the Revenue did not rebut that factual position. The adjustment was consequently deleted in favour of the taxpayer. en-us Wed, 08 Jan 2025 00:00:00 +0530 Sat, 23 Aug 2025 08:31:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777073 Presumptive income declared under section 44ADA, which deems profits at 50% of gross receipts, precluded an adjustment for remuneration received from an LLP during return processing under section 143(1)(a)(v). The addition was unsustainable because the taxpayer had already returned income under the presumptive scheme and the Revenue did not rebut that factual position. The adjustment was consequently deleted in favour of the taxpayer. Case-Laws Income Tax Wed, 08 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777073