2020 (4) TMI 428

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.... ORDER PER N.K. BILLAIYA, ACCOUNTANT MEMBER, This appeal by the assessee is preferred against the order of the Commissioner of Income Tax [Appeals] -1, Gurgaon dated 22.02.2017 pertaining to assessment year 2012-13. 2. The sum and substance of the grievance of the assessee is that the ld. CIT(A) erred in confirming the denial of credit of TDS. 3. Notice issued to the assessee was ret....

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....essee filed reconciliation of gross receipt as under: Particular Amount Revenue Recognised in P & L A/c. as per As 7 262,014,771 Advance Progressive billing made 714,075,685 Mobilization advance received 847,959,184     Total 1,824,049,640     Gross receipt as per 26AS 1,824,049,640     Difference - 7. In ....

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....ts account. Accordingly, credit of TDS of Rs. 3,12,40,697/- was denied. 9. The assessee agitated the matter before the ld. CIT(A) but without any success. 10. We have carefully perused the orders of the authorities below. The Assessing Officer has not made any adverse inference in so far as the method of accounting employed by the assessee is concerned and has accepted that the assesse....