https://www.taxtmi.com/caselaws?id=280465 The ITAT allowed the appeal of the assessee, directing the Assessing Officer to delete the addition of Rs. 29,00,474 based on unreconciled receipts from the Annual Information Report. The tribunal emphasized the importance of providing necessary information to reconcile differences and highlighted that additions solely relying on AIR data without corroborative evidence were not justified, citing a similar precedent involving M/s. Yahoo India Pvt. Ltd. The decision underscores the need for proper verification before making such additions, ultimately ruling in favor of the assessee in this case. en-us Tue, 17 Apr 2018 00:00:00 +0530 Tue, 07 May 2019 06:02:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280465 The ITAT allowed the appeal of the assessee, directing the Assessing Officer to delete the addition of Rs. 29,00,474 based on unreconciled receipts from the Annual Information Report. The tribunal emphasized the importance of providing necessary information to reconcile differences and highlighted that additions solely relying on AIR data without corroborative evidence were not justified, citing a similar precedent involving M/s. Yahoo India Pvt. Ltd. The decision underscores the need for proper verification before making such additions, ultimately ruling in favor of the assessee in this case. Case-Laws Income Tax Tue, 17 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280465