Form 26AS Can’t Override Books Without Proper Reconciliation

DCIT Vs Sharpwatch Investigation Security Pvt. Ltd. (ITAT Bangalore) Proprietorship to Company Shift Causes 26AS Confusion: Form 26AS Mismatch & Commission Claims Sent Back: ITAT Orders Fresh Verification Bangalore ITAT “B” Bench, in DCIT, Vs Sharpwatch Investigation Security Services Pvt. Ltd. (ITA No. 2156/Bang/2024, AY 2021-22; order dated 31.01.2025), set aside the order of CIT(A) & remitted issues relating to Form 26AS mismatch and commission expenditure back to AO for fresh consideration. Revenue’s appeal, though time-barred by 103 days, was admitted after Tribunal condoned...