2013 (10) TMI 419

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.... for A.Y. 2003-04 on 29.10.2003 declaring total income of Rs. 25,000/- The case was selected for scrutiny and thereafter the assessment was framed under section 143(3) vide order dated 23.02.2006 and the total income was determined at Rs. 4,37,270/-. Aggrieved by the order of Assessing Officer, Assessee carried the matter before CIT(A). CIT(A) vide order dated 21st January, 2009 dismissed the appeal of the Assessee. Aggrieved by the order of CIT(A) the Assessee is now in appeal before us and has raised the following ground:- 1. The ld. Commissioner of Income-tax (Appeals) has grievously erred in law and on facts in confirming the addition of Rs. 13,77,126/- made towards undisclosed income in respect of alleged difference in receipts show....

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....fore CIT(A). CIT(A) dismissed the appeal of the Assessee by holding as under:- 3. I have carefully considered the contentions of the learned counsel as well gone through the records. On perusal of assessment order, it has been noticed that there were discrepancies in the gross receipts as per book of accounts and gross receipts worked out on the basis of TDS certificate issued by various companies. Admittedly, the appellant is following the mercantile system of accounting. It was contended by the learned counsel that his client probably enters the book transaction on cash basis. The appellant failed to explain the reasons for disclosing less receipts than mentioned in the TDS certificates. Even during appellate stage. Learned counsel had....

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....nd its reconciliation. From the aforesaid chart, he pointed out at the Assessee has booked sales of 2,51,00,000/- as against the amount of Rs. 1,44,00,000/- has shown as per the TDS certificate. He also submitted the details for A.Y. 2004-05 and 05-06. He thus reiterated that based on the accounting system consistently followed by Assessee, the correct income has been booked. He further submitted that if deemed fit, the reconciliation submitted be sent to A.O. for verification. 8. The ld. D.R. on the other hand submitted that the Assessee has claimed the credit for entire TDS and the A.O. has rightly made the additions. He thus supported the order of A.O. 9. We have heard the rival submissions and perused the material on record. Befor....