Commission income not falls under presumptive taxation scheme

Euro Home Vs DCIT (ITAT Chennai) CIT(A) held that the provisions of Sec.44AD would not apply to commission income and the rental income received would be assessed under Income from House Property. Accordingly, the appeal was dismissed against which the assessee is in further appeal before us. ITAT find that commission income would not come under presumptive taxation. Similarly, interest on deposits would be income from other sources. So far as the exhibition reimbursement is concerned, it appears that the assessee has incurred certain expenditure which has been reimbursed and therefore, the ad...