https://www.taxtmi.com/caselaws?id=797597 Professional income must be assessed on a net-income basis and cannot automatically equal gross professional receipts merely because no return was filed or assessment notices were not complied with. Although subsequent-year acceptance of presumptive taxation under Section 44ADA does not independently establish eligibility for the year concerned, it may support the reasonableness of an income estimate where the profession continued without material change. The offer of 50% of receipts as income, tax payment on that basis, and consistent subsequent-year acceptance supported assessment of professional income at 50% of gross receipts. en-us Wed, 19 Aug 2026 00:00:00 +0530 Tue, 25 Aug 2026 08:34:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797597 Professional income must be assessed on a net-income basis and cannot automatically equal gross professional receipts merely because no return was filed or assessment notices were not complied with. Although subsequent-year acceptance of presumptive taxation under Section 44ADA does not independently establish eligibility for the year concerned, it may support the reasonableness of an income estimate where the profession continued without material change. The offer of 50% of receipts as income, tax payment on that basis, and consistent subsequent-year acceptance supported assessment of professional income at 50% of gross receipts. Case-Laws Income Tax Wed, 19 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797597