Addition solely based on mismatch between receipts in P&L and in 26AS unsustainable

ACE Build Tech Vs ACIT (ITAT Delhi) ITAT Delhi held that addition merely on the sole basis that there was mismatch between TDS certificate/26AS and the turnover/receipts shown by the assessee in its P&L account unsustainable as difference successfully established. Facts- The assessee is a contractor and during the course of assessment proceedings the Assessing Officer noted a difference of Rs. 73,04,678/- on account of mismatch in the contract receipts as per books of accounts and as per 26AS and this Assessing Officer alleged understatement of receipts from five entities and made addition...