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![Application of Section 44AD: ITAT Rules Gross Deposits Taxable at 8% for Retail Business Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/TAT-ITAT-Jaipur-Section-44AD-of-Income-Tax-Act-Retail-Business-Tax-Assessment-TAXSCAN.jpg "Application of Section 44AD: ITAT Rules Gross Deposits Taxable at 8% for Retail Business Assessment [Read Order]")
Application of Section 44AD: ITAT Rules Gross Deposits Taxable at 8% for Retail Business Assessment [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the gross deposits of a retail business are taxable at 8% under Section 44AD...
![Defense of Peak Credit cannot be taken where deposits remain unexplained u/s 68 of the Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Delhi-High-Court-Tax-Scan-1.jpg "Defense of Peak Credit cannot be taken where deposits remain unexplained u/s 68 of the Income Tax Act: Delhi HC [Read Order]")