Section 44AD Claim Accepted, Entire Rs. 20.23 Lakh Addition Deleted

Babubhai Ramanbhai Patel Vs ITO (ITAT Ahmedabad) Cash Deposits Matching Kirana Shop Sales Can’t Be Taxed u/s 69; Section 44AD Claim & Business Pattern Accepted — Entire Addition of Rs. 20.23 Lakhs Deleted In this appeal, Babubhai Ramanbhai Patel, a small kirana shopkeeper from Randheja, challenged the addition of Rs. 20,23,800/- made u/s 69 treating his cash deposits as unexplained investment. The Assessee had not filed a return originally & did not respond to notices u/s 148, 142(1) & 133(6). The AO obtained bank statements from SBI & since no explanation was furnished, he...