https://www.taxtmi.com/caselaws?id=466539 ITAT directed that profit from plying trucks should be estimated by applying the presumptive computation prescribed under Section 44AE; the Assessing Officer is therefore required to compute taxable profit from truck operations using the statutory prescribed rate. The tribunal found the presumptive scheme appropriate for determining profit in this factual context and remitted the matter to the AO for computation in accordance with the provision. No alternate method of profit computation was endorsed by the tribunal in this decision. en-us Thu, 30 May 2019 00:00:00 +0530 Wed, 11 Feb 2026 20:44:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466539 ITAT directed that profit from plying trucks should be estimated by applying the presumptive computation prescribed under Section 44AE; the Assessing Officer is therefore required to compute taxable profit from truck operations using the statutory prescribed rate. The tribunal found the presumptive scheme appropriate for determining profit in this factual context and remitted the matter to the AO for computation in accordance with the provision. No alternate method of profit computation was endorsed by the tribunal in this decision. Case-Laws Income Tax Thu, 30 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466539