Asking to prove 92% of expense defeats purpose of presumptive taxation: ITAT Bangalore

Shri Kokkarne Prabhakara Vs. ITO (ITAT Bangalore)

Asking the assessee to prove to the satisfaction of the Assessing Officer, the expenditure to the extent of 92% of gross receipts, would also defeat the purpose of presumptive taxation as provided under section 44AD of the Act or other such provision. Sin

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