Audited Accounts Prevail Over Unaudited Tally Data: ITAT Deleted Addition

Greentime Projects Private Limited Vs ITO (ITAT Hyderabad) In this case, the assessee company challenged the order of the Commissioner of Income Tax (Appeals) [CIT(A)] sustaining an addition of ₹36,50,000 made by the Assessing Officer (AO) towards an alleged difference in closing work-in-progress (WIP). Before examining the merits, the Income Tax Appellate Tribunal (ITAT), Hyderabad, considered a delay of 64 days in filing the appeal. The assessee explained that the appellate order dated 17.07.2025 came to the notice of its director only in the first week of October 2025 when he checked the ...