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2018 (4) TMI 1698 - ITAT MUMBAIAddition on account of unreconciled receipts as per Annual Information Report - Income received more than what is declared - HELD THAT:- The letter written to the Assessing Officer clearly states that the assessee requested the Assessing Officer to provide necessary information to reconcile the balance entries. However, in spite of request AO could not provide any information and moreover he made addition stating that the assessee agreed for the same. Assessing Officer made addition solely on the basis of AIR information and we see no other information is brought on record by the Assessing Officer to show that the assessee had in fact received this income from the said parties. We also see that the assessee reconciled 95% of the transactions leaving only 4.76% of the transactions unreconciled due to lack of data. See .YAHOO INDIA PVT. LTD. (FORMERLY KNOWN AS YAHOO WEB SERVICES INDIA PVT. LTD.) , [2016 (1) TMI 1129 - ITAT MUMBAI] No valid reason for the Assessing Officer to make addition towards unreconciled income as the addition was solely based on AIR information and without making proper enquiries, without submitting the information as requested by the assessee. In the circumstances, we direct the Assessing Officer to delete the addition. Grounds raised by the assessee are allowed.
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