{
  "id": 1053993,
  "title": "All bank deposits not automatically taxable income under Section 44AD: ITAT",
  "url": "https://urgent.news/2026/08/15/all-bank-deposits-not-automatically-taxable-income-under-section-44ad",
  "topic": "world",
  "section": "World",
  "published": "2026-08-15T13:58:43.000Z",
  "source": {
    "name": "Hindustan Times",
    "slug": "hindustan-times",
    "url": "https://www.hindustantimes.com/india-news/income-tax-appellate-tribunal-itat-all-bank-deposits-not-automatically-taxable-income-under-section-44-ad-itat-surat-101786799461841.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "The ruling came in the case of a Surat fruit trader, who had opted for the presumptive taxation scheme under Section 44AD of the Income Tax Act.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}