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2022 (9) TMI 835 - AT - Income TaxDifference in Form 26AS and income declared by the assessee - AO made an addition on the ground that there is a difference in the gross receipts admitted by the assessee and the gross receipts from Indian Oil Corporation as per Form 26AS and the assessee expressed his inability to reconcile the difference in gross receipts - HELD THAT:- Assessee filed a rectification application u/s 154 stating that the credits added by the AO do not pertain to the assessee. - AO rejected the rectification application and in appeal, CIT (A) dismissed the appeal filed by the assessee, the reasons of which have already been reproduced in the preceding paragraph. It is the submission of assessee that the Chief Divisional Retail Sales Manager of IOCL, Tirupati has issued form 26AS containing the details of payment and the addition made by the AO on account of difference in Form 26AS and income declared by the assessee does not belong to the assessee. It is his submission that given an opportunity, the assessee is in a position to reconcile the difference. We deem it proper to restore the issue to the file of the Assessing Officer with a direction to give an opportunity to the assessee to reconcile the difference and decide the issue as per fact and law.The grounds raised by the assessee are accordingly allowed for statistical purposes.
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