The Assessing Officer made addition as unexplained expenditure-cash credits due to difference between amount reflected in books of account and Form 26AS. The addition was affirmed by the CIT(A). On appeal the Tribunal held that, when there is no defects in the books of account and in response to section 133(6) party has confirmed the amount books of account is audited by an independent Auditor, the addition. Was deleted. (AY. 2013-14)
Shri Jeen Mata Buildcon (P) Ltd v. ITO (2022) 97 ITR 706 (Jaipur)(Trib)
S. 69C : Unexplained expenditure-Cash credits-Method of accounting-Unexplained expenditure-Difference between amount reflected in books of account and in Form 26AS-No defects in the books of account-Addition was deleted [S.68, 133(6), 145, Form No 26AS]