Taxpayer Avails Assessment u/s 44 AD without maintaining Regular Day Books of Account: ITAT dismisses appeal [Read Order]

The assessee had sought assessment under Section 44AD with a claim of not maintaining any day to day record or regular books of account
By Aiswarya Krishnadas - On July 6, 2024 10:30 am - 2 mins read
ITAT - ITAT Delhi - Income Tax Appellate Tribunal - Day to day regular books of account - Taxpayer Appeal - Regular books of account - taxscan

The two member bench of the Income Tax Appellate Tribunal ( ITAT ) Delhi, dismissed the taxpayer’s appeal after they claimed assessment under section 44AD without maintaining day-to-day regular books of account. The Assessing Officer received information that the assessee had deposited cash amounting to Rs. 29, 20,960/- in the bank account and had also…

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