Assessing Officer's Assumptions Challenged: Lack of Inquiry Invalidates Additions in Profit & Loss vs. TDS Discrepancy Case.

Assessing Officer's Assumptions Challenged: Lack of Inquiry Invalidates Additions in Profit & Loss vs. TDS Discrepancy Case. https://www.taxtmi.com/highlights?id=54166 Difference in receipt shown in the Profit & Loss account and as per TDS certificate - the facts on record clearly show lack of proper enquiry by the Assessing Officer. It is a well settled legal principle that without making proper enquiry and bringing contrary material on record to falsify assessee‘s claim, the AO cannot make addition purely on conjecture and surmises. - AT en-us Sat, 25 Jul 2020 10:13:39 +0530 Sat, 25 Jul 2020 10:13:39 +0530 TaxTMI RSS Generator Assessing Officer's Assumptions Challenged: Lack of Inquiry Invalidates Additions in Profit & Loss vs. TDS Discrepancy Case. https://www.taxtmi.com/highlights?id=54166 Difference in receipt shown in the Profit & Loss account and as per TDS certificate - the facts on record clearly show lack of proper enquiry by the Assessing Officer. It is a well settled legal principle that without making proper enquiry and bringing contrary material on record to falsify assessee‘s claim, the AO cannot make addition purely on conjecture and surmises. - AT Highlights Income Tax Sat, 25 Jul 2020 10:13:39 +0530 https://www.taxtmi.com/highlights?id=54166