ITAT allows reconciliation of difference between return of income & Form 26AS

Vijay Pal Jhamb Vs ITO (ITAT Chandigarh)

Ld. AR submitted that only real income in the hands of the assessee can be brought to tax and though the assessee couldn’t submit the reconciliation as sought before the lower authorities, all the documents and ledger accounts are on record and the assessee is in position to reconcile the difference between the contract receipts shown in the return of income and as per Form No.26AS from its ledger accounts and one more opportunity may be granted to the assessee in this regard in the interest of substantial just

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