No Addition Solely on Form 26AS Mismatch Where Books Are Audited: ITAT Bangalore

D M Estates Private Limited Vs DCIT (ITAT Bangalore) The appeal before the Bangalore Bench of the Income Tax Appellate Tribunal arose from an order of the Commissioner of Income Tax (Appeals) sustaining an addition made for Assessment Year 2014–15. The assessee, a company engaged in construction and property development, had declared total income of ₹99,80,689. During assessment, the Assessing Officer (AO) compared rental facility income disclosed in the books with figures reflected in Form 26AS and noticed discrepancies in respect of seven customers. While the books showed lower receipts,...