Presumptive taxation under section 44AD prevents unexplained expenditure addition where declared turnover and income remain accepted.

Presumptive taxation under section 44AD prevents unexplained expenditure addition where declared turnover and income remain accepted. https://www.taxtmi.com/highlights?id=105267 Where sales, turnover and income declared under section 44AD are accepted, maintenance of books of account is not mandatory. Absence of transportation or GST particulars in purchase bills does not, by itself, establish unexplained cash expenditure where the accepted presumptive income has not been disturbed. Cash payments in the trading activity cannot consequently be treated as unexplained expenditure under section 69C solely on those deficiencies, and the addition is not sustainable. en-us Thu, 22 Oct 2026 08:38:37 +0530 Thu, 22 Oct 2026 08:38:39 +0530 TaxTMI RSS Generator Presumptive taxation under section 44AD prevents unexplained expenditure addition where declared turnover and income remain accepted. https://www.taxtmi.com/highlights?id=105267 Where sales, turnover and income declared under section 44AD are accepted, maintenance of books of account is not mandatory. Absence of transportation or GST particulars in purchase bills does not, by itself, establish unexplained cash expenditure where the accepted presumptive income has not been disturbed. Cash payments in the trading activity cannot consequently be treated as unexplained expenditure under section 69C solely on those deficiencies, and the addition is not sustainable. Highlights Income Tax Thu, 22 Oct 2026 08:38:37 +0530 https://www.taxtmi.com/highlights?id=105267