https://www.taxtmi.com/caselaws?id=772533 ITAT Delhi ruled in favor of the appellant regarding addition of undisclosed professional income. The tribunal found that since the disputed amount was never collected and was written off as bad debt, with invoices raised in subsequent FY 2012-13, there was only a timing difference in income recognition rather than tax evasion. The tribunal noted compliance with accounting standards and statutory audit requirements. However, the appellant was required to account for TDS credit of Rs. 7,98,200 claimed on unreceived income, as Section 198 deems TDS as income received regardless of actual collection. en-us Fri, 06 Jun 2025 00:00:00 +0530 Tue, 10 Jun 2025 08:43:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772533 ITAT Delhi ruled in favor of the appellant regarding addition of undisclosed professional income. The tribunal found that since the disputed amount was never collected and was written off as bad debt, with invoices raised in subsequent FY 2012-13, there was only a timing difference in income recognition rather than tax evasion. The tribunal noted compliance with accounting standards and statutory audit requirements. However, the appellant was required to account for TDS credit of Rs. 7,98,200 claimed on unreceived income, as Section 198 deems TDS as income received regardless of actual collection. Case-Laws Income Tax Fri, 06 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772533