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2015 (4) TMI 582 - AT - Income TaxAddition due to difference in turnover reported in books of accounts and in VAT returns - Non taxable purchases reported in the taxable category of purchases in books of account - Held that:- We have heard the ld Counsel for the assessee wherein he has submitted that there was a mistake committed by the CTO which has been proved by the production of monthly statements filed before the said authorities. The ld Counsel for the assessee further pointed out in the statement relied on by the AO, the tax shall be taken at ₹ 40,14,746. Such tax is worked out at 4% of the turnover. At the rate of 4% the tax of ₹ 40,14,746 would be correct, if the output is taken at ₹ 10,03,68,648, whereas if the figures shown is ₹ 10,19,71,512 were to be true, the tax payable would work out to ₹ 40,78,860. Hence, it was brought to the notice of the AO that there is an error in the VAT ledger a/c. Hence we confirm the order of the CIT (A) wherein he has held that the fact of the miss-match and the turnover in the certificate dated 23.11.2011 support the view that the figure reflected in the certificate dated 16.6.2011 is the correct figure. Further, we find that the total purchases as reflected in the VAT return and as reflected in the schedule to the P&L a/c is the same and hence we confirm the order of the CI ,T (A) and dismiss the grounds raised by the Department on this issue.- Decided against the revenue.
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