Case Law Details
Case Name : Rahimathulla Abdul Rahman Vs ITO (ITAT Chennai)
Related Assessment Year : 2017-18
Courts :
All ITAT ITAT Chennai
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
Rahimathulla Abdul Rahman Vs ITO (ITAT Chennai)
In the case of Rahimathulla Abdul Rahman vs ITO, the Income Tax Appellate Tribunal (ITAT) Chennai addressed the treatment of bank credits for income estimation under Section 44AD of the Income Tax Act. The case arose from a best judgment assessment for AY 2017-18, where the Assessing Officer (AO) estimated business income at 8% on Rs.119.80 lakh, the bank turnover, and added Rs.10.18 lakh as unexplained cash deposits during the demonetization period. While the Commissioner of Income Tax (Appeals) granted partial relief by exc
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.