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2024 (2) TMI 397 - GUJARAT HIGH COURTAddition u/s. 41(1) - Difference between the amount payable as per books of accounts and amount as per the confirmation received from the creditor - ITAT deleted the addition - HELD THAT:- As it is clear that the additions u/s 41(1) were made for the differences which arose on account of only book entries. Admittedly, the assessee had actually made the payment in the later year and the party has accounted receipt in the same financial year which resulted into differences in the balance as added by the Assessing Officer. Since the difference has been explained which was only on account of the book entries, in our considered opinion, there is no error in the order of the ITAT. No substantial question of law.
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