ITO NON CORPORATE WARD 13 (5), CHENNAI vs. SHRI. G MARIA AUGUSTIN, CHENNAI
In the result, the appeal of the Revenue is partly allowed
ITA 847/CHNY/2018[2013-14]Status: DisposedITAT Chennai11 Apr 2022AY 2013-14
Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal
For Appellant: Mr. G. Baskar, Adv. & Mr. I DineshFor Respondent: Assessee by
Section 143(2)Section 143(3)Section 28Section 44A
43C can be made when the Assessee has filed return of income u/s.44AD of the Act, which is factually not correct.
2.2. The learned CIT(A) erred in taking business income at Rs.4,98,560/- instead of Rs.2,89,476/- because interest income of Rs.2,09,084/- must be excluded from Rs.4,98,560/- to arrive at business income
