Addition u/s 69 - computation of income u/s 44AD - activity of ...

Real estate activities don't qualify as civil contracts u/s 44AD; bank deposits related to them are excluded.

July 23, 2012

Case Laws Income Tax AT

Addition u/s 69 - computation of income u/s 44AD - activity of real estate is not in the nature of civil contract and therefore, provisions of sec 44AD are not applicable so far as the deposits in the bank account - AT

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Addition u/s 69 - computation of income u/s 44AD - activity of ...

Real estate activities don't qualify as civil contracts u/s 44AD; bank deposits related to them are excluded.

July 23, 2012

Case Laws Income Tax AT

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