There is no requirement to file the books of account and vouchers if assessee has income u/s 44AD
Where income is declaring income u/s 44AD of the Act, assessee is not required to maintain books of account and vouchers and there is no requirement to file the same before the authorities when the cash was generated out of the business for which income was already declared u/s 44AD of the Act.
The cash deposits can be traced back to the gross total income of the assessee u/s 44AD of the Act.
Appeal of the assessee was allowed by Delhi ITAT. Assessee represented by us.
