21/02/2026
๐ข BIG RELIEF FOR SMALL BUSINESSES!
ITAT Kolkata in Dipyaman Dutt vs ITO (AY 2014-15) has held that:
โ
If income is declared under Section 44AD (Presumptive Taxation)
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Assessee is not required to maintain books
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Cash deposits related to business turnover cannot be taxed again
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โน36.62 lakh addition deleted
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Appeal allowed in full
๐ก No Double Taxation of Turnover!
If you have received any Income Tax Notice regarding cash deposits or 44AD cases, take proper professional advice before replying.
๐ M/s. RATAN KUMAR DAS & CO.
Chartered Accountants
๐ 9436122511
Consult us before itโs too late.