them audited u/s 44AB of
the Act. The income has been declared by the assessee on estimated basis
u/s 44AD ... books of accounts were maintained by the assessee u/s 44AA of the
Act, penalty u/s 271B cannot be fastened on the assessee
reproduce
provision of section 44AD of the Act;
44AD (1)
Notwithstanding anything to the contrary contained in sections
28 to 43C , in the case ... plain reading of the section itself says that section 28
to section 43C of the I T Act that includes section
making additions separately under Section 69 is nothing but normally a case of double addition. Hence, this would render Section 44AD as purposeless. The learned ... assessee in the return. This section is a deeming section and it overrides the provisions of Sections 28 to 43C provided the total receipt paid
Consequentially, a notice u/s 142(1) of the Income Tax Act,
1961 along with the query letter u/s 142(1) was issued ... accounts to be audited u/s 44AB of the Act,
compulsory.
If any assessee covered u/s 44AD , provision of section
assessee, the assessee has shown them to be covered u/s
44AD and has declared net profit of Rs. 1,84,342/-. In the light ... stock of
Rs. 24,86,921/-and has shown these receipts u/s 44AD of the IT Act. Hence
request to allow.
3. That the assesse declared business income u/s 44AD on sales 712752/
turnover which worked out to 22.93 greater than ... dyes and chemicals and declared business income at
Rs. 163490/- u/s 44AD. The assessee after claiming deduction under chapter VIA
declared total income
u/s 131 on the same issue when appellant already stood
examined u/s 132(4) on 13.05.2013. In the statement recorded u/s ... u/s 132(4) would prevail over statement recorded u/s 131 ,
the ld. CIT(A) held that when income was declared u/s 44AD
2018
M/s. National Sanitation, Jaipur.
noted that the provisions of section 44AD are not applicable in the case of the
assessee as the gross ... Thus when the assessee's estimation is based on the
provisions of section 44AD and the AO has not brought any contrary case
total turnover
of Rs. 24,80,995/- U/s 44AD of the Act. The Assessing Officer while
completing the scrutiny assessment U/s ... turnover of Rs. 24,80,995/- and the income was declared U/s 44AD of the
Act in the return of income. The turnover declared
sumo
car.
(3) Addition of Rs. 44370/- for various gifts received u/sec. 68.
(4) Any other matter with the prior permission of chair ... return of income declaring income of Rs.
1,48,880/- under section 44AD of the IT Act as the assessee has not maintained
regular books
