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of <h1>Presumptive Taxation Limits: Partner's Passive Income Excluded from Section 44AD Calculation of Business Turnover</h1> A legal dispute arose regarding the applicability of presumptive taxation under Section 44AD for remuneration and interest received by an individual partner from a partnership firm. The Madras High Court held that such receipts do not constitute business turnover or gross receipts. The court emphasized that Section 44AD applies only to actual business activities, not passive income from partnership arrangements, thus rejecting the assessee's claim for presumptive taxation benefits.
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