No Addition u/s 68 based on turnover declared under 44 AD of Income Tax Act: ITAT [Read Order]

It was viewed that the addition made by the assessing officer under section 68 of the entire turnover which the assessee declared under section 44 ad of the act is not tenable
ITAT - ITAT Mumbai - Income tax - Income tax news - taxscan

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that no addition can be made under section 68 of the Income Tax Act, 1961 based on turnover declared under 44 AD of the act. The revenue challenged the order of Commissioner of Income Tax, Appeals, / National Faceless Appeal Centre [the CIT(A)]….

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