Income Mismatch with Form 26AS: ITAT Directs Re-Adjudication

Mohammed Meraj Vs ACIT (ITAT Kolkata)

Introduction: In the case of Mohammed Meraj Vs ACIT, the Income Tax Appellate Tribunal (ITAT) in Kolkata has called for a reassessment on account of a mismatch between Form 26AS and the income stated in the assessee’s Profit & Loss account. The issue at the core of the dispute revolves around an addition of Rs. 1,49,80,435/- by the Assessing Officer, which Meraj, who earns income from a transport services business, contested.

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