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2014 (10) TMI 322 - AT - Income TaxAccrual of income - Difference in gross receipts as per TDS certificates vis-à-vis as per books of account – Held that:- There was a difference in the amount of payments as mentioned in TDS certificate of RSMM Ltd. and the receipts shown in the books of accounts maintained by the assessee - the assessee explained the difference through reconciliation statement which was forwarded by the CIT(A) to the AO for his comments - nothing is brought on record to substantiate that the explanation along with reconciliation statement furnished by the assessee was incorrect – the order of the CIT(A) is upheld – Decided against revenue. Miscellaneous expenses disallowed – Held that:- The gross profit rate declared by the assessee was progressive in comparison to the preceding years and the AO had not pointed out any specific instance where the expenses were not incurred for the business purposes or claim of the assessee was bogus and non-genuine - the addition made by the AO on the basis of assumption and presumption was rightly deleted by the CIT(A) – the order of the CIT(A) is upheld – Decided against revenue.
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