https://www.taxtmi.com/caselaws?id=787943 ITAT addressed two issues: first, whether a large turnover addition based on GSTR-1 versus books should stand - the tribunal accepted remand-stage documentary reconciliations, Form 26AS entries and bank credits showing milestone receipts attributable to earlier years and upheld the appellate deletion of the addition. Second, whether notional interest credited under IND AS warranted taxation in the impugned year - the tribunal accepted IND AS effective interest accounting, noted actual interest was taxed in later years and sustained deletion of the Section 56 addition. Both appellate deletions were affirmed in favour of the assessee. en-us Wed, 11 Mar 2026 00:00:00 +0530 Sat, 14 Mar 2026 08:36:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787943 ITAT addressed two issues: first, whether a large turnover addition based on GSTR-1 versus books should stand - the tribunal accepted remand-stage documentary reconciliations, Form 26AS entries and bank credits showing milestone receipts attributable to earlier years and upheld the appellate deletion of the addition. Second, whether notional interest credited under IND AS warranted taxation in the impugned year - the tribunal accepted IND AS effective interest accounting, noted actual interest was taxed in later years and sustained deletion of the Section 56 addition. Both appellate deletions were affirmed in favour of the assessee. Case-Laws Income Tax Wed, 11 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787943