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2012 (10) TMI 785 - ITAT, DELHIDifference in gross receipts as per TDS certificates and as declared by assessee - CIT(A) deleted the addition - Held that:- As per the reconciliations submitted by assessee out of gross receipts as per TDS certificates, a sum of ₹ 1,63,93,102/- was received as advance from U.P. Jal Nigam and ₹ 40,00,000/- was received as advance from C & D S Unit of UP Jal Nigam, Baghpat and the same were duly reflected in the balance sheet under the head secured loan. The assessee has also furnished the confirmations in this regard from the respective departments confirming the advance given to the assessee vide its letter dated 17.3.06 & the assessment was framed after considering the reconciliation statement and confirmations furnished by the assessee. CIT(A) has clearly given a finding that the assessee has submitted its reconciliation of the total turnover and the variation in the receipts as per accounts and that as per the TDS certificates is cogently explained. Based on the reconciliation, the addition in this case is not sustainable - in favour of assessee.
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