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TMI Blog2014 (3) TMI 358X X X X Extracts X X X X X X X X Extracts X X X X ..... g of tax at source – the Counsel has made an alternate prayer to remit the file back to the Assessing Officer for verification of the facts – it is not appropriate to grant second innings to the assessee for mere verification of the TDS amounts from the bank or the contractees - The assessee could have done this exercise with due diligence in the first stage itself – Decided against Assessee. - I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rm No.26AS, it transpired that the assessee has not disclosed certain interest receipts and contract receipts for the relevant AY. In the return of income, the assessee had declared interest income from Karur Vysya Bank to the tune of Rs. 52,510/- only. Whereas, on verification of form No.26AS, the Revenue authorities found that the assessee has received interest of Rs. 2,45,091/-. The assessee su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... income. The Assessing Officer vide order dated 23-12-2011, inter alia made addition of the entire amount of un-disclosed interest and contract receipts. The assessee, aggrieved against the assessment order dated 23-12-2011, preferred an appeal before the CIT(Appeals). The CIT(Appeals) vide order dated 28-02-2013, confirmed the addition made by the Assessing Officer arising out of differential ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ehalf of the Revenue submitted that the order of the CIT(Appeals) is well reasoned and detailed, no interference is required in the impugned order. The assessee at no stage filed any confirmation letter either from the bank or from the parties stating that the TDS has been wrongly deducted. The ld.DR prayed for dismissal of the appeal of the assessee. 5. We have heard the submissions made by th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eration or the subsequent AYs. As far as the contract receipts are concerned, the assessee has admitted the fact before the Assessing Officer that the contract receipts to the tune of Rs. 38,33,438/- were omitted to be disclosed. We do not find any merit in the submissions made by the ld.Counsel for the assessee. The appeal of the assessee is dismissed being devoid of merit. 6. Before parting w ..... X X X X Extracts X X X X X X X X Extracts X X X X
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