https://www.taxtmi.com/caselaws?id=428724 Form 26AS mismatches and TDS reconciliation cannot, by themselves, justify additions for alleged undisclosed contract receipts when the assessee provides a credible reconciliation. The appellate authority accepted that part of the receipts had already been accounted for in an earlier year, that some differences arose because tax was deducted on amounts including service tax and VAT, and that one discrepancy resulted from an arithmetical error in comparing Form 26AS with the books. On that material, the disputed amounts were not treated as unexplained or unrecorded income, and the additions were deleted. en-us Thu, 06 Oct 2022 00:00:00 +0530 Sat, 08 Oct 2022 13:10:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428724 Form 26AS mismatches and TDS reconciliation cannot, by themselves, justify additions for alleged undisclosed contract receipts when the assessee provides a credible reconciliation. The appellate authority accepted that part of the receipts had already been accounted for in an earlier year, that some differences arose because tax was deducted on amounts including service tax and VAT, and that one discrepancy resulted from an arithmetical error in comparing Form 26AS with the books. On that material, the disputed amounts were not treated as unexplained or unrecorded income, and the additions were deleted. Case-Laws Income Tax Thu, 06 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428724