Held that the assessee did not fall in to the scheme of things since he had defaulted on payment of advance tax and disclosure of the profits at 8 percent on the gross receipts and filing thereof in the return of income. The assessee was directed to pay tax at 10 per cent. (AY. 2014-15)
Shanti Ranjan Biswas v. ITO (2021) 92 ITR 328 (Delhi)(Trib.)
S. 44AD : Presumptive taxation-Supplier of security guards-Disclosure of profits at 8 Percent of gross receipts-Failure to pay advance tax-Directed to pay at 10 percent. [S. 44AA, 44AB, 234C]