https://www.taxtmi.com/caselaws?id=782810 ITAT Kolkata partly allowed the assessee's appeal. On the first issue, it held that the AO had erroneously compared only sundry creditors with total liabilities disclosed in the return, and since there was no actual discrepancy between creditors in the balance sheet and ITR, the addition was deleted, setting aside the CIT(A)'s order. On the second issue, regarding mismatch between contract receipts as per Form 26AS and ITR, the Tribunal accepted the assessee's reconciliation, treating only the marginal unexplained difference as relevant. Applying a reasonable net profit rate of 4% (as against 2.52% accepted by AO), it restricted the addition to 4% of Rs. 47,44,089/-, i.e., Rs. 1,89,763/-. en-us Tue, 02 Dec 2025 00:00:00 +0530 Thu, 04 Dec 2025 09:19:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782810 ITAT Kolkata partly allowed the assessee's appeal. On the first issue, it held that the AO had erroneously compared only sundry creditors with total liabilities disclosed in the return, and since there was no actual discrepancy between creditors in the balance sheet and ITR, the addition was deleted, setting aside the CIT(A)'s order. On the second issue, regarding mismatch between contract receipts as per Form 26AS and ITR, the Tribunal accepted the assessee's reconciliation, treating only the marginal unexplained difference as relevant. Applying a reasonable net profit rate of 4% (as against 2.52% accepted by AO), it restricted the addition to 4% of Rs. 47,44,089/-, i.e., Rs. 1,89,763/-. Case-Laws Income Tax Tue, 02 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782810