Allowing the appeal of the assessee the Tribunal held that provision of section 68 cannot be invoked where the income offered u/s 44AD of the Act as the said section does not oblige the assessee to maintain any books of account . Referred Kokkare Prabhakara v .ITO ( Bang) (Trib) ( ITA No. 1183/Mum/ 2019 dt 28 -12 -2020 ) (AY. 2014 -15)
Dineshkumar Verma v .ITI ( 2021 ) The Chamber’s Journal – January -P 123 ( Mum) (Trib)
S. 44AD :Presumptive taxation- Once business income is offered on the presumption taxation , separate addition cannot be made as cash credits [ S.68 ]