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| The Tax Publishers2019 TaxPub(DT) 3207 (Mum-Trib) INCOME TAX ACT, 1961
Section 143(3)
Assessee was able to reconcile 97.48% of total transactions reflected in ITD database and leaving only 2.52% of the transactions unreconciled due to lack of data, thus, assessee was in a much better footing and AO was directed to delete addition and grant relief to assessee.
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Assessment - Addition to income - Unreconciled AIR entries -
AO made addition towards unreconciled AIR entries. Assessee sought relief.Held: Assessee was able to reconcile 97.48% of total trnsactions reflected in ITD database leaving only 2.52% of the transactions unreconciled due to lack of data, thus, assessee was in a much better footing and AO was directed to delete addition and grant relief to assessee.
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2011-2012
INCOME TAX ACT, 1961
Section 32(1)
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