Assessment Year 2020-2021 on
30.03.2024 claiming the benefit of Section 44AD of the Income ... eligible for the benefit under Section 44AD of the Income
Tax Act, 1961, the Petitioner should be an “eligible assessee” and should
have carried
offered income of Rs. 3,27,245/- under provisions of section 44AD
of the Income Tax Act, 1961, no credit of such receipts ... remained unexplained and the same has
escaped assessment within the meaning of section 147 of the Act.
4. In view of the above facts
production of of any account or
supporting document qua income under Section 44AD of the Income
Tax Act, presumptive income is required to be considered
position that Addition on the basis of
statement recorded during survey under section 133A does not empower any
IT authority to examine any person ... purchases maximum net profit rate has to
be applied as per section 44AD of Income Tax Act."
6. As discussed above, the valuation
dated 23.02.2026 passed by the respondent no. 1 under
Section 143(3) read with Section 144B of the Income Tax Act, 1961 (for
short ... petitioner that the petitioner had filed its return of income
under Section 44AD of the Act being the presumptive taxation scheme and
therefore, the petitioner
appellants submits that the deceased
filed his income tax return under Section 44AD, 44ADA or 44AE of the
Income Tax Return which provides certain benefits
Karnataka Lokayuktha Bengaluru vs Srinivasmurthy S on 23 January, 2026
1
Spl.C.C. No
