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: Sec. 44AD(6) provides that the provisions of section 44AD, shall not apply to— (i) a person carrying on profession as referred to in sub-section (1) of section 44AA; ...