DCIT, Circle –1(1), Mysore vs. M/s. Sharpwatch Investigation Security Services Pvt. Ltd.
Case No: ITA No.2156/Bang/2024
Court: Income Tax Appellate Tribunal, 'B' Bench, Bangalore
Date: 1/31/2025
Parties Involved
appellantDCIT, Circle –1(1), Mysore
respondentM/s. Sharpwatch Investigation Security Services Pvt. Ltd.
Facts Summary
The assessee, M/s. Sharpwatch Investigation Security Services Pvt. Ltd., filed a return of income declaring a total income of Rs.5,33,40,740/-. The case was taken up for scrutiny, and the Assessing Officer (AO) disallowed a claim of Rs.88,93,644/- paid as commission to five parties, doubting its genuineness. Additionally, there was a mismatch between the income and TDS reported in Form 26AS and the assessee's claims. The assessee appealed to the CIT(A), who partly allowed the appeal regarding bo…
Decision in favour of
Assessee
Legal Issues
- 1. Mismatch between income and TDS reported in Form 26AS and the assessee's claims.
- 2. Genuineness of commission paid to agents.
Precedents Relied Upon
1 precedent cited in this judgement.