GST Course
CA Final Online Classes
CA Classes

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Sri Balaji Promoters, Bangalore Vs Income Tax Officer, Ward- 7(2)(4), Bangalore

LinkedIn


Court :
ITAT Bangalore

Brief :
The assessee has filed this appeal challenging the order dated22.11.2019 passed by Ld CIT(A)-7, Bengaluru and it relates to the assessment year 2016-17. The assessee is aggrieved by the decision of Ld CIT(A) in confirming the addition of Rs.1,56,35,302/-, being the difference in the income disclosed in the books of account and Form 26AS.

Citation :
ITA No.122/Bang/2020

IN THE INCOME TAX APPELLATE TRIBUNAL
BANGALORE BENCHES “C”, BANGALORE

Before Shri George George K, JM & Shri B.R.Baskaran, AM
ITA No.122/Bang/2020 : Asst.Year 2016-2017

Sri.Balaji Promoters
No.216, 1st Floor, 3rd Main
Jayanagar VI Block
Bangalore – 560 082
PAN : ACRFS9100L
(Appellant) 

vs.

The Income Tax Officer
Ward 7(2)(4)
Bangalore.
(Respondent)

Appellant by : Sri.Prashanth.G.S., CA
Respondent by : Smt.R.Premi, JCIT-DR
Date of Hearing : 15.12.2020
Date of
Pronouncement : 15.12.2020

O R D E R

Per B.R.Baskaran, AM :

The assessee has filed this appeal challenging the order dated22.11.2019 passed by Ld CIT(A)-7, Bengaluru and it relates to the assessment year 2016-17. The assessee is aggrieved by the decision of Ld CIT(A) in confirming the addition of Rs.1,56,35,302/-, being the difference in the income disclosed in the books of account and Form 26AS.

2. The assessee is a partnership firm. It is engaged in the business of providing market support services to a company named M/s Bacardi India P Ltd.

3. During the scrutiny proceedings, the AO noticed from Form 26AS that the assessee has received a sum of Rs.1,82,82,161/- as Commission and Contract receipts. However, it was seen that the assessee has disclosed asum of RS.23,37,309/- in its return of income as Commission income. The assessee explained that the Commission amount received wasRs.26,62,513/-, which included Service tax component of Rs.3,25,204/-.Accordingly net commission income of Rs.23,37,309/- was disclosed in the return of income. The AO accepted this explanation.

To know more in details find the attachment file
 

 

Guest
on 17 December 2020
Published in Income Tax
Views : 7
downloaded 5 times
Report Abuse

LinkedIn







Trending Tags