9911796707
TMI Blog2012 (10) TMI 785X X X X Extracts X X X X X X X X Extracts X X X X ..... its letter dated 17.3.06 & the assessment was framed after considering the reconciliation statement and confirmations furnished by the assessee. CIT(A) has clearly given a finding that the assessee has submitted its reconciliation of the total turnover and the variation in the receipts as per accounts and that as per the TDS certificates is cogently explained. Based on the reconciliation, the addition in this case is not sustainable - in favour of assessee. - ITA NO. 4313/Del/2012 - - - Dated:- 19-10-2012 - SHRI U.B.S. BEDI, AND SHRI SHAMIM YAHYA, JJ. Assessee by: Sh. Rajan Malik, Adv. Department by: Smt. Shumana Sen, Sr. D.R. ORDER PER SHAMIM YAHYA: AM This appeal by the Revenue is directed against th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rest income and other sale Total 7,07,71,920/- 7,83,319/- (Rs.) 7,15,55,239/- Less: Advance received (As per confirmation letter enclosed from respective Deptt.) a. U.P. Jal Nigam, Unit 46, Noida b. U.P. Jal Nigam, Unit 31, GZB c. U.P. Jal Nigam, Baghpat Total advance as shown in Balance sheet 1,13,00,000/- 50,93,102/- 40,00,000/- 2,03,93,102/- Turnover offered for taxation Add: Sale of shares considered separately Total turnover shown in P L account 5,11,62,137/- 1,08,730/- 5,12,70,868/- 4.1 Assessee further submitted bef ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Kindly refer to audit memo no. 11 dated 23.3.2007 issued in the above noted case. As per the objection raised by the audit, the gross receipts of the assessee company for the year under consideration, as per TDS certificates, were ₹ 7,07,71,920/- as against ₹ 5,11,62,138/- shown in the P L account and as a result the income of the assessee was under assessed by ₹ 1,96,09,782/-. In this regard, it is submitted that during the course of assessment proceedings the assessee was asked to explain the said discrepancy in regard to gross receipts as per TDS certificates and as declared in the profit and loss account. In response to that the assessee company vide its reply dated 9.3.06 has reconciled the receipts declare ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
