https://www.taxtmi.com/caselaws?id=465004 Section 44ADA of the Income-tax Act, 1961 was held inapplicable to a non-resident professional, because the presumptive taxation regime under that provision applies only to resident assessees. The lower authorities had applied section 44ADA to compute professional income on a presumptive basis and thereby restricted the claimed expenditure and loss, but that approach was found unsustainable. The addition made on that basis was deleted, with the assessee's non-resident status being determinative of the outcome. en-us Tue, 06 Aug 2024 00:00:00 +0530 Mon, 01 Dec 2025 08:50:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465004 Section 44ADA of the Income-tax Act, 1961 was held inapplicable to a non-resident professional, because the presumptive taxation regime under that provision applies only to resident assessees. The lower authorities had applied section 44ADA to compute professional income on a presumptive basis and thereby restricted the claimed expenditure and loss, but that approach was found unsustainable. The addition made on that basis was deleted, with the assessee's non-resident status being determinative of the outcome. Case-Laws Income Tax Tue, 06 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465004