https://www.taxtmi.com/caselaws?id=786981 Assessability of alleged undisclosed interest turned on reconciliation between Form 26AS and the assessee's books: the tribunal accepted the books showing interest receipts and the profit and loss netting, and held that an addition cannot rest solely on the numerical difference between gross receipts in Form 26AS and the net interest recorded in accounts. Because the accounting treatment and netting were not rebutted by contrary evidence, the impugned addition was deleted and the assessment adjustment was set aside as unsustainable. en-us Wed, 18 Feb 2026 00:00:00 +0530 Tue, 24 Feb 2026 08:36:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786981 Assessability of alleged undisclosed interest turned on reconciliation between Form 26AS and the assessee's books: the tribunal accepted the books showing interest receipts and the profit and loss netting, and held that an addition cannot rest solely on the numerical difference between gross receipts in Form 26AS and the net interest recorded in accounts. Because the accounting treatment and netting were not rebutted by contrary evidence, the impugned addition was deleted and the assessment adjustment was set aside as unsustainable. Case-Laws Income Tax Wed, 18 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786981