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ITAT Jaipur Deletes Tax Addition for Income Declared Under Section 44AD
Learn how ITAT Jaipur deleted a tax addition of Rs 4.53 lakh when income was declared presumptively under Section 44AD.
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Pune ITAT Caps Contract Profit Estimation at 8%, Providing Significant Relief to Taxpayers
The Pune bench of the Income Tax Appellate Tribunal (ITAT) delivered a landmark ruling this week, declaring that an 18% net profit estimation on contract receipts is excessive without concrete…