AO Finds Discrepancy in Accounts vs. Form 26AS; Assessee Reconciles, No Additions for Unaccounted Turnover Made.

AO Finds Discrepancy in Accounts vs. Form 26AS; Assessee Reconciles, No Additions for Unaccounted Turnover Made. https://www.taxtmi.com/highlights?id=27639 Addition on account of suppressed/unaccounted turnover - AO never rejected the books of accounts maintained by the assessee. The A.O. simply quantified the difference between books of accounts and form 26AS. The assessee has explained the difference by furnishing necessary reconciliation - No additions - AT en-us Wed, 02 Mar 2016 09:02:37 +0530 Wed, 02 Mar 2016 09:02:37 +0530 TaxTMI RSS Generator AO Finds Discrepancy in Accounts vs. Form 26AS; Assessee Reconciles, No Additions for Unaccounted Turnover Made. https://www.taxtmi.com/highlights?id=27639 Addition on account of suppressed/unaccounted turnover - AO never rejected the books of accounts maintained by the assessee. The A.O. simply quantified the difference between books of accounts and form 26AS. The assessee has explained the difference by furnishing necessary reconciliation - No additions - AT Highlights Income Tax Wed, 02 Mar 2016 09:02:37 +0530 https://www.taxtmi.com/highlights?id=27639