https://www.taxtmi.com/caselaws?id=466732 Section 44AD presumptive taxation is confined to an eligible business and does not extend to a profession. On the stated facts, a computer coaching centre run by an assessee who also acted as faculty was treated as a professional activity, so the section 44AD claim was rejected and the requirement to maintain accounts under section 44AA supported that view. Where supporting records were said to have been lost in floods and could not be fully verified, some disallowance of expenditure was justified, but a blanket 50% estimate was considered excessive. The disallowance was therefore restricted to 20% as a reasonable approximation of unverifiable . en-us Thu, 10 Aug 2017 00:00:00 +0530 Wed, 18 Feb 2026 12:51:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466732 Section 44AD presumptive taxation is confined to an eligible business and does not extend to a profession. On the stated facts, a computer coaching centre run by an assessee who also acted as faculty was treated as a professional activity, so the section 44AD claim was rejected and the requirement to maintain accounts under section 44AA supported that view. Where supporting records were said to have been lost in floods and could not be fully verified, some disallowance of expenditure was justified, but a blanket 50% estimate was considered excessive. The disallowance was therefore restricted to 20% as a reasonable approximation of unverifiable . Case-Laws Income Tax Thu, 10 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466732