Method of accounting adopted by assessee is the reason for difference in amount disclosed in form 26 AS and profit and loss account due to service tax amount declaration.
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) upheld the decision of the Commissioner of Income Tax (Appeals) (CIT (A)) to annul an addition made, citing a discrepancy between Form 26AS and the Profit & Loss Account, attributable to the declaration of service tax amounts. The case originated when the assessee filed its…
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