https://www.taxtmi.com/highlights?id=96998 Presumptive taxation under section 44AD was applied to estimate net profit where the assessee failed to file returns or participate in assessment proceedings; the AO had applied an 18% net profit rate based on TDS under section 194C, but the Tribunal considered the lack of participation and limited evidence and reduced the presumptive net profit rate to 8%, computing the assessee's income accordingly and deleting the remaining additions. Grounds of appeal were partly allowed. en-us Wed, 18 Feb 2026 10:44:21 +0530 Wed, 18 Feb 2026 10:44:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=96998 Presumptive taxation under section 44AD was applied to estimate net profit where the assessee failed to file returns or participate in assessment proceedings; the AO had applied an 18% net profit rate based on TDS under section 194C, but the Tribunal considered the lack of participation and limited evidence and reduced the presumptive net profit rate to 8%, computing the assessee's income accordingly and deleting the remaining additions. Grounds of appeal were partly allowed. Highlights Income Tax Wed, 18 Feb 2026 10:44:21 +0530 https://www.taxtmi.com/highlights?id=96998