Mismatch in contract receipts shown in P&L account and Form 26AS reconciled by Self speaking documentary evidence: ITAT deletes addition [Read Order]

Mismatch - Mismatch in contract receipts - contract receipts - P&L account - taxscan

The Income Tax Appellate Tribunal (ITAT) of Mumbai Bench recently while deleting the addition made by the Assessing officer (AO) held that mismatch in contract receipts shown in profit and loss (P&L) account and Form 26AS reconciled by self-speaking documentary order. The assessee ACE Build Tech, is a contractor. During the course of assessment proceedings,…

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