Sec 44AD: Cash Deposits Within Turnover Not Unexplained; ITAT Deletes Additions Based Only on Survey Statement

Ammati Venkatachalapathisetty Satishkumar Vs ITO (ITAT Bangalore)

Presumptive Taxation U/s 44AD – Cash Deposits Within Turnover Cannot Be Treated as Unexplained – Additions Based Only on Survey Statement Deleted – ITAT Bangalore

Assessee, a retail trader running proprietary concern M/s Kumar Traders, declared income under presumptive scheme u/s 44AD. During survey proceedings, AO m

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