Interest expense cannot be disallowed for not reflecting in Form 26AS

Bal Krishan Das Mundhra Vs ITO (ITAT Kolkata) AO cannot mixed system of accounting for assessment of income on accrual basis and disallowance of expenditure on cash basis and Interest expense cannot be disallowed for not reflecting in Form 26AS issued by recipient. The case of Bal Krishan Das Mundhra Vs ITO (ITAT Kolkata) revolves around the dispute regarding the assessment of income on accrual basis and the disallowance of expenditure on a cash basis. The appellant contested the disallowance of deduction under section 57 of the Income Tax Act, leading to a thorough examination of accounting p...