https://www.taxtmi.com/caselaws?id=444811 ITAT Raipur set aside the assessment order regarding suppressed contract receipts where discrepancies existed between books of accounts and Form 26AS. The tribunal found that the assessee firm properly maintained mercantile system accounts and recorded contract receipts when bills were raised. Since the AO admitted to not deliberating on the assessee's explanation due to time constraints, the matter was restored to AO's file with directions to provide reasonable hearing opportunity and allow fresh documentary evidence. en-us Thu, 19 Oct 2023 00:00:00 +0530 Fri, 20 Feb 2026 17:21:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444811 ITAT Raipur set aside the assessment order regarding suppressed contract receipts where discrepancies existed between books of accounts and Form 26AS. The tribunal found that the assessee firm properly maintained mercantile system accounts and recorded contract receipts when bills were raised. Since the AO admitted to not deliberating on the assessee's explanation due to time constraints, the matter was restored to AO's file with directions to provide reasonable hearing opportunity and allow fresh documentary evidence. Case-Laws Income Tax Thu, 19 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444811