Addition for difference in profit as per ITR & audit report valid if diff. not explained satisfactorily

G. V. N. Hospitals Vs ACIT (ITAT Chennai)

In the present case, admittedly there is difference in net profit as shown in ITR and tax audit report and same has not been satisfactorily explained by the assessee. The Assessing Officer, after considering relevant facts has rightly made additions towards difference in net profit. The learned CIT(A) after considering relevant arguments of the assessee has righty held that there is no error in the reasons given by the Assessing Officer to make additions towards difference in net profit. Hence, we are inclined t

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