Tribunal held that once the return is computed on presumptive basis no further additions are called for in accordance to the provisions of S. 28 to 43C of the Act. Accordingly addition made on account of interest and VAT was deleted. (AY. 2011-12)
Simranpal Singh v. ITO (2018) 167 DTR 337 / 194 TTJ 380 (Chd.) (Trib.)
S. 44AD : Civil construction–Computation–Even while passing order u/s 144 the AO cannot go beyond the provision-Addition on account of interest and VAT payable is held to be not valid. [S. 144, 154]