Addition u/s 68 impermissible as income estimated u/s 44AD of the Income Tax Act

Mahendra Kumar Vs NFAC (ITAT Bangalore)

ITAT Bangalore held that as income is estimated under section 44AD of the Income Tax Act, so addition under section 68/69A of the Income Tax Act is impermissible.

Facts-The assessee, an individual engaged in the business of distribution and sale of pharmaceuticals and medicines on rental basis filed its return of income on for A.Y. 2017-18 by declaring an income of Rs.8,27,300/-.

During the course

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