account of undisclosed receipt based on
difference in receipt as per Form 26AS and profit and loss account, in the facts and
circumstances ... reflected in the profit and loss account with that reflected in Form 26AS. The
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ITA No.1619/Kol/2016
contractual receipt reported in
the return with that reflected in Form 26AS , in the facts and circumstances of the case.
3.1. The brief facts ... observed that the contractual receipt as per Form 26AS was Rs
45,65,33,422/- whereas the assessee disclosed
interest income of Rs. 3,77,410/- on the basis of form
26AS.
4. The facts in brief are that the assessee is a private ... which claimed TDS
credit of Rs. 84,050/- whereas as per form 26AS, the SBI shown payment of
interest
account
of mismatch of TDS as per form 26AS."
3. Brief facts of the case as emerging from the record is that
assessee-company ... account of mismatch of TDS as per
Form 26AS.
16. On verification of Form 26AS, it was noticed by the AO that
the assessee
difference in the receipts
declared by appellant and the amount reflected in 26AS. Assessee was
asked to file party wise receipts ... books of assessee with
26AS. Assessee submitted that overall receipts group wise was reflected
in 26AS. Ld. AO held that every company of the group
being difference between receipts
as per 26AS and as per books of accounts/audited accounts, is income of the
assessee ... account of difference between receipts as per 26AS and as per books of
accounts. Further submitted that, the Ld.CIT(A) has also committed
details of receipts furnished by the debtors of the assessee in 26AS that they have
credited the accounts of the assessee firm but the assessee ... Reconciliation Analysis and Correction Enabling System
(TRACES) bearing the Form 26AS in its own case relevant
after considering
the reply of the assessee that the gross amount in 26AS is inclusive of
service tax which is chargeable @ 12.36%, reduced the claim ... more than the income appearing in Form 26AS for the corresponding
cumulative period. The Ld. CIT(A) observed that the assessee has not
filed
account of difference in the interest on FDRs as per 26AS and the
interest income recognized by the assessee in the books of accounts ... interest on FDR of Rs. 5,44,352/- however, as per 26AS
the said interest was Rs. 6,57,670/-. The AO added the difference
Interest income
not accounted in financials on the basis of Form 26AS. The
same be considered and the addition be deleted.
5) The Learned ... return of income (as against the
details gathered from Form no.
26AS).
7. Addition made
