2025 (9) TMI 243

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....r the Petitioner : Mrs. Hema Muralikrishnan For the Respondent : Mrs. S. Premalatha Senior Standing Counsel ORDER This Writ Petition has been filed by the petitioner to quash the impugned order dated 25.12.2022 passed by the respondent. 2. The learned counsel for the petitioner would submit that in the present case the issue pertaining to the financial year 2020-2021 and the assessment....

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.... the petitioner filed return of income on 30.12.2021 and they have received an intimation notice from the respondent dated 24.08.2022 and on the same day, the petitioner filed reply stating that the cash receipts and payments were less than 5% of the turnover and also the turnover is below Rs. 5 Crores and therefore, they have not furnished the audit report. However, without considering the said c....

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...., under the wrong impression, the respondent proceeded to pass the present impugned order as if the petitioner did not carry on the business but carried on the profession. 7. In reply, the Senior Standing Counsel for the respondent would submit that in such case, this Court is inclined to set aside the impugned order and remand the matter back to the Authority for fresh consideration. Hence, sh....

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....dy carrying on the business of Digital Marketing with cash transactions both on the aspect of receipts and payments in cash below 5% of the turnover, which is below Rs. 5 Crores as per the proviso to Section 44 AB (a), the said assessee is not required to file an audit report and they are exempted. In the present case, the petitioner turnover is below Rs. 5 Crores and the cash transaction is below....