ITAT Delhi Rejects Revenue Appeal Over Presumptive Taxation & Jewellery Additions

DCIT Vs Smt. Ashu Ashok (ITAT Delhi) ITAT Delhi Deletes Income Addition Because Section 44AD Did Not Require Detailed Expense Proof;  Jewellery Addition Removed as Prior Disclosure Before Settlement Commission Covered Search Findings;  No Estimated Expense Disallowance Allowed Under Section 44AD;  ITAT Delhi Upholds Deletion of Jewellery Addition Due to Earlier Settlement Disclosure. In DCIT Vs Smt. Ashu Ashok, the ITAT Delhi dismissed the Revenue’s appeal and upheld the order of the CIT(A) deleting additions made towards undisclosed income and unexplained jewellery for Assessment Year 20...