Legitimate Tax Planning Not Evasion: ITAT Affirms Presumptive Tax on Truck Business

DCIT Vs Sukhbir Singh Chabra HUF (ITAT Delhi)

ITAT Delhi Upholds 44AE Presumptive Income — Rejects Revenue’s Allegation of Tax Evasion in Related-Party Transport Business

The Revenue appealed against the order of CIT(A)  deleting an addition of ₹1.69 crore made as unexplained income in the case of the Assessee-HUF engaged in truck transportation.  AO had alleged that  Assessee, a related party of ABC Transport Co. Pvt. Ltd., was part of a group arrangement to divert profits using presumptive taxation u/s 44AE & 44AD. He treated

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