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2014 (7) TMI 987 - AT - Income TaxAccrual of income / cash system of accounting - difference between income booked and as per TDS certificate - Suppression receipt – Held that:- CIT(A) was rightly of the view that it has been certified by the tax auditors that the assessee was having cash system of accounting - CIT(A) has observed that money has been retained by the principal – there was no mistake in the order of the CIT(A), as the difference amount was retention money with the principal "HIL" and the assessee was following cash system of accounting, and that the CIT(A) has directed the AO to withdraw the credit of TDS granted to the assessee to the extent it pertains to the income not offered for tax - the order of the CIT(A) is upheld – Decided against Revenue.
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