[aaykarbhavan] 44AD

Dear all,

A builder client of mine, which is a partnership firm, had a turnover of 58 lacs during the fy 2010-11. As per books, there was a loss and hence, income was offered u/s 44AD.

Now the ao has manually taken up the case for scrutiny and when I met him, he asked for books of account, tds details, land purchase details, client list and agreement copy, bank stats etc.

Is his demand justifiable as I have offered u/ s 44 AD? Can I argue that the same cannot be produced?

Regards,

CA Anantharaman.T.R


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