21/02/2026
π’ BIG RELIEF FOR SMALL BUSINESSES!
ITAT Kolkata in Dipyaman Dutt vs ITO (AY 2014-15) has held that:
β
If income is declared under Section 44AD (Presumptive Taxation)
β
Assessee is not required to maintain books
β
Cash deposits related to business turnover cannot be taxed again
β
βΉ36.62 lakh addition deleted
β
Appeal allowed in full
π‘ 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.
π M/s. RATAN KUMAR DAS & CO.
Chartered Accountants
π 9436122511
Consult us before itβs too late.