books and the income was declared in the return computed under S.44AE of
the Act that is under presumptive provisions ... 153A of the Act on a
presumptive basis in terms of Section 44AE of the Act. In the cash-flow
statement, assessee claimed that
higher than the presumptive profits as per the provisions of Sections 44AE and 44AF of the Act while the appellant had shown in the return ... under a bona fide impression that under the provisions of Sections 44AE and 44AF, there was no obligation for the appellant to declare the profits
loss against current year's income which was filed Under Section 44AE of I.T. Act. One more thing has also been brought ... account of the fact that the income had been returned Under Section 44AE of I.T. Act. The A.O has reproduced the relevant Clause
making following additions -
a) Rs. 7,20,000 u/s 44AE (presumptive)
b) Rs. 11,04,000 u/s 69A
2. Learned CIT(A)-NFAC ... addition ought to be made even on
a presumptive basis u/s 44AE for alleged plying / running of trucks,
since none of the trucks were
income to the
extent as per provisions of law u/s 44AE i.e. 4,500/- per month from one
Light transport vehicle and instead ... provisions of law
u/s 44AE while assessing the income of appellant.
4. On the facts & circumstances prevailing in the case
inability to
furnish such details the AO applying the provisions of section 44AE
determined the income from truck hire charges ... vouchers and bills, the AO has correctly
applied the provision of section 44AE .
3. On the fact and circumstances of the case
cash deposited in this account to his turnover
declared u/s 44AE . The appellant merely makes an averment that the
deposits are sourced ... attention to the fact that the taxpayer had sought to invoke
section 44AE of the Act which has been wrongly rejected by
the lower authorities
month for per truck by applying
section 44AE of the Act, which was worked out to Rs.84,000/-.
4. In the first appeal ... addition to income assessed on account of truck plying
business under section 44AE of the Act.
5. Aggrieved by the order
submitted by him
or worked out income of truck plying u/s 44AE of the Act. The operative
part of the order ... plied by the appellant during
the year and considering provisions of section 44AE of the Act
applicable for truck pliers to arrive at their income
receipts of Rs. 29,09,527/- u/s
44AE of the Act. In respect of other receipts amounting ... assessee admitted income in respect of
their own trucks u/s 44AE of the Act and income in respect
of transport contracts on estimated basis
