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Income Tax - Highlights / Catch Notes

Home Highlights September 2022 Year 2022 This

Additions based on mismatch in annual information return - If ...

Case Laws     Income Tax

September 1, 2022

Additions based on mismatch in annual information return - If the assessee can reconcile such difference and even otherwise satisfy the learned assessing officer, that such addition is unwarranted, the addition is not required to be made. As the learned assessing officer as well as the learned DRP has made the addition merely on the basis of the difference between form No 26 As and failure of assessee to reconcile it with the books, matter restored back to AO - AT

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