ITAT Rejects PR Consultant’s Attempt to Shift from 44ADA to 44AD – Agency Business Not Eligible

Roshan Mohan Vs ITO (ITAT Bangalore) No Relief for PR Consultant- Assessee’s Attempt to Shift from 44ADA to 44AD Rejected- Agency Business Not Eligible u/s 44AD- Revised Return Invalid – ITAT Bangalore Assessee filed his original return on 08.08.2018 declaring income of ₹16,44,968. Subsequently, a revised return was filed on 29.03.2019 declaring reduced income of ₹2,47,000. The reduction was claimed on the basis that income should be computed fully u/s 44AD at 6% on turnover, instead of partly under 44AD & partly under 44ADA as done in original return. AO rejected the revised retur...