Late Shri Om Narayan Singh Parihar Vs. ACIT, Circle-1(1), Raipur

Parties Involved

Facts Summary

The controversy in this case revolves around the addition of Rs.1,04,05,985/- made by the Assessing Officer (A.O) due to a difference in the contract receipts disclosed in the Form 26AS of the assessee and those disclosed in his books of account. The assessee claimed that the variance was due to HSCL accounting for the bill in the books of account of the preceding year. However, the A.O did not accept this explanation and made the addition. Additionally, the A.O disallowed an amount of Rs.66,760/- on an ad-hoc basis, i.e. 1/5th of the assessee’s claim for deduction of telephone and vehicle expenses. The assessee appealed against the order of the Commissioner of Income-Tax (Appeals), National Faceless Appeal Center (NFAC), Delhi, dated 21.06.2024, which upheld the order of the A.O.…

Legal Issues

• 1. Addition of Rs.1,04,05,985/- made by the A.O due to difference in contract receipts.
• 2. Disallowance of Rs.66,760/- on ad-hoc basis.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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