No Section 44ADA Addition for Consultancy Income by 10th-Passed Assessee

Vishnu Dattatraya Ponkshe Vs Central Processing Centre (ITAT Mumbai) Introduction: In a recent decision, the Income Tax Appellate Tribunal (ITAT) Mumbai provided a crucial ruling in the case of Vishnu Dattatraya Ponkshe vs. Central Processing Centre (CPC). The case pertains to the assessment year 2017-18 and revolves around the taxation of income earned from a consultancy business. The ITAT’s decision clarifies the applicability of Section 44ADA of the Income Tax Act in such scenarios. 1. Background of the Appeal: The appellant, Vishnu Dattatraya Ponkshe, challenged an order passed by th...