CPC Processing/Additions cannot go beyond Inst. No.10/2017

Sri Arthur Bernard Sebastine Vs DCIT (ITAT Bangalore)

A very interesting judgement on income tax intimations u/s 143(1) of the Income Tax Act

Facts of the Case:

Assessee received his income from professional fees for Rs.15 lacs and savings bank interest income of Rs.14,228. Assessee filed his Itr taking benefit of section 44AD declaring presumptive taxation of 8% of the gross receipts.

Relevant Extract Of Section 44AD:

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