Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2019 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (2) TMI 804 - ITAT DELHIAccrual of income - Non disclosure of receipts - Assessee could not prove the invoice raised by it during the year was in the nature of advance only - Held that:- Findings of the CIT(A), we are of the view that AO has brought to tax revenue of ₹ 2,89,17,000/- in the current year primarily on the ground that DS of ₹ 10,93,559/- was deducted by M/s Sistema Shyam Teleservices Ltd. on the bill for entire amount invoice by the assessee in November, 2011. It is noted that the assessee had offered the receipts in two financial years and claimed proportionate credits of TDS as per Rules, hence, AO has not rightly made the addition. It is further noted that payments have actually been received in two separate financial years and not in the current year and assessee also booked expenditure with reference to the payments made in the two financial years. CIT(A) has rightly deleted the addition in dispute which does not need any interference on our part, therefore, we uphold the action of the CIT(A) on the issue in dispute and reject the ground raised by the Revenue.
|