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2010 (2) TMI 930 - AT - Income TaxTDS - discrepancy between the gross receipts as per the TDS certificate and as credited to the profit and loss account - appeal by the Revenue is against the deletion of addition of Rs. 63,76,387 made by the Assessing Officer on account of difference in gross receipts as per the TDS certificate and that shown in the profit and loss account – Held that:- Merely because credit was claimed for tax deducted at source, it does not mean that the corresponding income is chargeable to tax. Since the income is chargeable to tax on the basis of the method of accounting regularly followed by the assessee and in respect of which no discrepancy has been noticed by the Assessing Officer, the addition was rightly deleted by the learned Commissioner of Income-tax (Appeals), appeal and the cross-objection are dismissed
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