Presumptive taxation u/s. 44AD applicable to nursing home since not classified as profession

Advertisement Kety Medicare Centre Vs ACIT (ITAT Mumbai) ITAT Mumbai held that presumptive taxation scheme under section 44AD of the Income Tax Act is duly applicable to nursing home since the assessee cannot be classified as a ‘person’ engaged in the ‘medical profession’. Facts- The assessee is a partnership firm operating a nursing home under the name “Kety Medicare Centre.” A survey was conducted under Section 133A of the Income Tax Act on 08/03/2019. During the survey, it was discovered that the assessee had suppressed its receipts. The statement of one of the�...