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Case Law Details

Case Name : Mahendra Kumar Vs NFAC (ITAT Bangalore)
Related Assessment Year : 2017-18
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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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