https://www.taxtmi.com/caselaws?id=353145 The Revenue appealed against the deletion of additions made by the Assessing Officer (AO) for discrepancies in income disclosure between Income Tax Scrutiny (ITS) details and the income tax return. The Commissioner of Income Tax (Appeals) (CIT(A)) deleted the additions, emphasizing that the returned income exceeded the ITS details and the AO failed to rebut the explanations provided by the assessee. The ITAT Kolkata upheld the CIT(A)'s decision, stating that additions solely based on ITS information without proper substantiation are not valid. The tribunal dismissed the Revenue's appeal, highlighting the importance of reconciling income details to prevent unwarranted additions by tax authorities. en-us Tue, 26 Dec 2017 00:00:00 +0530 Thu, 28 Dec 2017 08:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353145 The Revenue appealed against the deletion of additions made by the Assessing Officer (AO) for discrepancies in income disclosure between Income Tax Scrutiny (ITS) details and the income tax return. The Commissioner of Income Tax (Appeals) (CIT(A)) deleted the additions, emphasizing that the returned income exceeded the ITS details and the AO failed to rebut the explanations provided by the assessee. The ITAT Kolkata upheld the CIT(A)'s decision, stating that additions solely based on ITS information without proper substantiation are not valid. The tribunal dismissed the Revenue's appeal, highlighting the importance of reconciling income details to prevent unwarranted additions by tax authorities. Case-Laws Income Tax Tue, 26 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353145