Once TDS Element is Reflected in Form 26AS AO cannot allege that parties are not genuine

Globus Realcom Pvt Ltd Vs DCIT (ITAT Delhi)

Assessing Officer was of the view that the assessee could not prove the genuineness of the parties and disallowed relevant expenses.

Appellant submitted that Confirmation of accounts from M/s Mathur Associates and The Transaction Point clearly show that in addition to commission, there is an element of Service Tax mentioned in the account and the allegation of the Assessing Officer that the amount confirmed by the parties differ from the amount claimed by the assessee does n

Please become a Premium member. If you are already a Premium member, login here to access the full content.