Suppressed Sales Addition Deleted: KOT Data and Survey Admissions Without Corroboration Not Valid

Rashad Abdul Rehman Vs DCIT (ITAT Bangalore) Addition for Suppressed Sales Based on KOT Data & Survey Statements Deleted – Loose Sheets & Admissions Without Corroboration Not Sufficient The assessee, engaged in restaurant and catering business, was subjected to survey u/s 133A, during which the department analysed Kitchen Order Tickets (KOT), loose sheets and billing software data and alleged suppression of sales. Based on differences between KOT data and recorded sales, the AO estimated suppressed turnover and added gross profit of ₹1,60,167 on alleged unaccounted sales. The a...