https://www.taxtmi.com/caselaws?id=756781 ITAT Nagpur ruled in favor of assessee regarding Rs. 2 lakhs addition based on Form 26AS entries not recorded in books. Assessee, an electrical contractor with audited turnover of Rs. 12,30,35,743.50, denied any transaction with deductor party. ITAT held that Revenue failed to prove receipt or accrual of amount to assessee, citing K.P.Varghese SC precedent that onus lies on Revenue to establish taxability. Addition deleted but assessee not entitled to TDS credit of Rs. 20,000 as erroneously claimed. Appeal allowed. en-us Tue, 30 Jan 2024 00:00:00 +0530 Thu, 08 Aug 2024 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756781 ITAT Nagpur ruled in favor of assessee regarding Rs. 2 lakhs addition based on Form 26AS entries not recorded in books. Assessee, an electrical contractor with audited turnover of Rs. 12,30,35,743.50, denied any transaction with deductor party. ITAT held that Revenue failed to prove receipt or accrual of amount to assessee, citing K.P.Varghese SC precedent that onus lies on Revenue to establish taxability. Addition deleted but assessee not entitled to TDS credit of Rs. 20,000 as erroneously claimed. Appeal allowed. Case-Laws Income Tax Tue, 30 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756781