ITAT Bangalore deletes Section 69 additions citing presumptive Section 44AD taxation

Prakash Praveen Kumar Vs ITO (ITAT Bangalore) Assessee is an individual engaged in contract works who had a GST proceeding against Asst. Commissioner of Commercial Taxes for issuing bogus sale bills without actual movement of goods or services & had taken benefit of GST Input. Assessee had been appraised of making purchases from a firm for which assessee has categorically denied by producing purchase registers as well as bank statements which shows no transactions with such firm. AO, on credible information from Regional Economic Intelligence Committee had added such purchase amounts as Un...