Income tax Addition on account of difference between turnover reflected in CBEC / Service Tax data and turnover recorded in the books of account
Whether difference between turnover reflected in CBEC / Service Tax data and turnover recorded in the books of account can, by itself, justify an addition for under-reported revenue without independent enquiry by the Assessing Officer. Case Citation – ITAT Delhi – Deepsons (India) Pvt. Ltd. vs Assistant Commissioner of Income Tax, Circle 7(1), Delhi ITA … Read more