No presumptive income assessment u/s 44AD for 2006-2007; income reported in 2007-2008 by builder/developer.

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....Presumptive taxation on receipt of advance u/s 44AD - Builder/Developer - no income can be assessed on presumptive basis in the AY 2006-2007 as the assessee has already shown the income in the subsequent year 2007-2008 - AT....