ICAI AS-1 Compliance: Appellant's Job Work Receipts Align with GAAP, Resolving TDS Timing Discrepancies Without Income Addition.

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....Difference in job work receipts - The disclosure was strictly in conformity with the applicable AS-1 issued by ICAI and GAAP also. Many a times, the job work receipts accounted by the appellant in one year were accounted for in the subsequent year by the principal company. As a result, TDS was also deducted by the principal company in that year and credit for the same appeared in Form No. 26-AS. - No addition - AT....