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Section 44AD Claim Accepted, Entire Rs. 20.23 Lakh Addition Deleted
Case Law Details
- Case Name
- Babubhai Ramanbhai Patel Vs ITO (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Ahmedabad
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Babubhai Ramanbhai Patel Vs ITO (ITAT Ahmedabad)
Cash Deposits Matching Kirana Shop Sales Can’t Be Taxed u/s 69; Section 44AD Claim & Business Pattern Accepted — Entire Addition of Rs. 20.23 Lakhs Deleted
In this appeal, Babubhai Ramanbhai Patel, a small kirana shopkeeper from Randheja, challenged the addition of Rs. 20,23,800/- made u/s 69 treating his cash deposits as unexplained investment. The Assessee had not filed a return originally & did not respond to notices u/s 148, 142(1) & 133(6). The AO obtained bank statements from SBI & since no explanation ...
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