Addition merely based on difference in Form 26AS and sales disclosed in P&L not sustainable

Sudhir Dayalal Mistry Vs ACIT (ITAT Mumbai) ITAT Mumbai held that no addition can be made on account of sales simply based on difference in the figure in Form 26AS and the sales disclosed by the assessee in the audited accounts [P&L] since difference is due to double deduction of TDS on various accounts. Accordingly, addition is deleted. Facts- The present appeal is preferred by the assessee. Notably, assessee has challenged the addition of Rs.54,39,870/- on account of alleged difference received from the contracts on the basis of entries in Form 26AS. Conclusion- Held that in any case fro...