Case Law Details
Sandeep Surendran Nair Vs DCIT (ITAT Raipur)
ITAT Raipur restored the matter back to the file of AO in case of disallowance u/s. 40(a)(ia) of the Income Tax Act as the CA certificate submitted was not as per the prescribed form i.e. “Form 26A”. Post submission of CA certificate in prescribed form, disallowance u/s 40(a)(ia) will be vacated.
Facts-
The assessee, who is a mechanical contractor within the cement industry, had filed his return of income for A.Y. 2014-15 on 29.11.2014 declaring an income of Rs.69,30,640/-. Subsequently, the case of the assessee was selected for scrutiny assessment under CASS. Assessment was framed by the A.O vide his order passed u/s.143(3) dated 28.12.2016, determining the income of the assessee at 1,05,18,763/- after making additions in terms of mismatch of receipts as per books and 26AS and disallowance u/s. 40(a)(ia).
CIT(A) dismissed the appeal. Being aggrieved, the present appeal is filed.
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