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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Addition made on account of difference in credit of income as ...


Income Discrepancy Noted Between 26AS Statement and Accounts; No Tax Evasion Indicated for Assessee.

September 20, 2018

Case Laws     Income Tax     AT

Addition made on account of difference in credit of income as per 26AS statement and income credited in Income and Expenditure accounts - these timing differences in recognition of revenue with corresponding TDS, will get adjusted in future years and hence there is no tax evasion on the part of the assessee.

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