Mismatch in BoA and Form 26AS: ITAT restricts Addition only on Embedded Portion of Profit [Read Order]

Boa - Form 26AS - ITAT - Profit -taxscan

The Income Tax Appellate Tribunal (ITAT), Delhi has held that the addition due to mismatch between the Books of Accounts and Form 26AS can be made only on the embedded portion of the profit. The Assessee challenged the addition of Rs. 41,40,753/- made by the AO on account of unaccounted sales arises due to difference…

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