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TMI Blog2014 (3) TMI 1185X X X X Extracts X X X X X X X X Extracts X X X X ..... in its books of account. Since the assessee failed to substantiate that the expenditure relating to this turnover has not at all been claimed in its regular books of accounts, we are not inclined to allow the same. Corresponding expenditure relating to this suppressed turnover has already been booked by the assessee, the entire undisclosed turnover is to be considered as income of the assessee. Decided against assessee. - ITA No.650/Hyd/2013 - - - Dated:- 7-3-2014 - SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SMT. AHSA VIJAYARAGHAVAN, JUDICIAL MEMBER For the Appellant : Shri S. Rama Rao For the Respondent : Shri D. Sudhakar Rao (DR) ORDER PER CHANDRA POOJARI, A.M: This appeal filed by the assessee is dire ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TDS as per Books (Rs.) TDS claimed (Rs.) TDS on Other Receipts (Rs.) TDS on Mobilization advance (Rs.) Allowable Claim of TDS (Rs.) 4,74,55,469 4,91,02,006 31,46,147 45,87,767 4,60,13,849 3.1 According to the assessee, an amount of ₹ 24,92,02,616/- was received by the assessee as mobilisation advance and another amount of ₹ 12,82,47,788/- by way of payment recognised in next assessment year. However, the Assessing Officer observed that even after considering net difference of ₹ 14,77,77,994/- o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ccounts. The assessee s plea can be accepted only if the corresponding expenditure relating to this turnover is not at all booked by the assessee in its books of account. Since the assessee failed to substantiate that the expenditure relating to this turnover has not at all been claimed in its regular books of accounts, we are not inclined to allow the same. Being so, it is to be held that the corresponding expenditure relating to this suppressed turnover has already been booked by the assessee, the entire undisclosed turnover is to be considered as income of the assessee. Accordingly, we do not find any infirmity in the orders of the lower authorities. In this view of the matter, we confirm the order of the CIT (A) and reject the grounds r ..... X X X X Extracts X X X X X X X X Extracts X X X X
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