2021 (8) TMI 108

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....irected against order of Ld. CIT(A) dated 12/09/2017 and pertains to Assessment Year 2014-15. 2. The assessee has filed the following grounds of appeal:- "Under the facts and circumstances of the case, The Learned Commissioner of Income-tax (Appeals) erred in passing the appellate order without giving a opportunity of being heard to the appellant. The Learned Commissioner of Income-tax (Appea....

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....m 26AS Amount as per P&LA/c Diff Reasons for difference if any 1. Indian Oil Corporation Ltd. (SHD-Baroda) 41,51,991 29,34,470 12,17,521 1] Rs. 4,56,733 amount of Service Tax consider as income in 26AS (2) Rs. 143035 sales amount not consider in 26AS but we consider in P&L (Total diff is Rs. 456733 - 143035 - 313698) 2. UEM India Pvt. Ltd. 17,48,846 11,20,846 6,28,000 ....

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....138537). As per the accounting method followed by the assessee company i.e. mercantile system, this income ought to have been shown as income for the year under consideration. Therefore, an amount of Rs. 12,50,251/- (760788 + 489463) is considered as income for the year under consideration and added to the total income of the assessee. 3.2. On appeal, the ld. CIT(A) has confirmed the ld. AO's....

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....verification and application of mind. Hence I do not find any inconsistency and the findings of the Ld. AO are therefore confirmed. This ground is dismissed. 3.3. Against the said order, assessee is in appeal before us. 4. We have heard the ld. DR and perused the record. None appeared on behalf of assessee despite notice. We note that assessee has duly explained to the ld. Assessing Officer that....