No Addition shall be made u/s 44AD by AO without Rejecting Books of Accounts: ITAT [Read Order]

Addition - AO - Books of Accounts - ITAT - No Addition - AO without Rejecting Books of Accounts - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT), Kolkata bench, held that an addition should not be made under Section 44AD of the Income Tax Act without rejecting the books of accounts produced during the assessment proceedings. The assessee, Bulu Ghosh, had their case selected for scrutiny after filing the return of income. During the scrutiny proceedings,…

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