Limited Scrutiny for turnover Difference in ITR & ST Return – AO can verify with Form 26AS

SNS Constructions P. Ltd. Vs ITO (ITAT Delhi) In this case there was a difference of Rs. 14,25,463/- between books of account and the payment received as per Form 26AS. The Assessing Officer treated the amount of Rs. 14,25,463/- as undisclosed receipts and added the same to the income of the assessee. Thereby the Assessing Officer computed the income of the assessee at Rs. 18,16,383/- against the declared income at Rs. 3,90,920/-. Aggrieved against this the assessee preferred appeal before the learned CIT(Appeals), who after considering the submissions dismissed the appeal. Now, the assessee i...