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.

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