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2018 (12) TMI 1263 - AT - Income TaxAddition on account of running bill - assessee failed to explain the discrepancy noted by Ld. AO during assessment proceedings - Assessee was following accrual method of accounting and moreover, contractee had credited the said amount to the account of the assessee and had made TDS on it. - Held that:- We find that it is undisputed fact that the assessee had failed to explain the discrepancies noted by AO during assessment proceedings and could not justify as to why the said receipts were not offered to tax. The perusal of ledger accounts received from HDIL revealed that the assessee was given credit of impugned amount and due TDS was also deducted against the same. The transactions were duly reflected in Form 26AS. The assessee while claiming the credit of TDS, justified its stand of not offering the same to tax on the premise that there was uncertainty as to collection of the revenue which was in sharp contrast to the fact that expenditure against the projects were being claimed by the assessee in profit & loss account. Under the given circumstances, we set aside the findings of first appellate authority and remit the matter back to the file of Ld. AO for re-adjudication - Decided in favour of revenue for statistical purposes
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