https://www.taxtmi.com/caselaws?id=772378 ITAT Mumbai held that no addition could be made for undisclosed income based on differences between receipts declared in profit and loss account and Form 26AS, as the discrepancy resulted from double deduction of TDS by the other party on both interim and final bills totaling Rs. 54,39,879/-. The tribunal deleted the addition made by AO since proper reconciliation was provided. Additionally, adhoc disallowance of 10% expenses and disallowance of transportation expenses and motor car depreciation were deleted as no specific personal element was established by revenue authorities. en-us Fri, 30 May 2025 00:00:00 +0530 Thu, 05 Jun 2025 16:12:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772378 ITAT Mumbai held that no addition could be made for undisclosed income based on differences between receipts declared in profit and loss account and Form 26AS, as the discrepancy resulted from double deduction of TDS by the other party on both interim and final bills totaling Rs. 54,39,879/-. The tribunal deleted the addition made by AO since proper reconciliation was provided. Additionally, adhoc disallowance of 10% expenses and disallowance of transportation expenses and motor car depreciation were deleted as no specific personal element was established by revenue authorities. Case-Laws Income Tax Fri, 30 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772378