The Assessing Officer (AO) erred in considering the agreed rent ...

Tribunal upholds assessee's appeal, actual rent received & TDS should prevail over agreed rent for tax purposes.

December 3, 2024

Case Laws Income Tax AT

The Assessing Officer (AO) erred in considering the agreed rent as per the agreement instead of the actual rent received from M/s. Mobivil Technologies India Pvt. Ltd. of Rs. 3,74,879/- and TDS deducted thereon of Rs. 37,492/-. The addition made by the AO on the difference between the actual rent received and agreed rent was unjustified. The assessee raised bills under "office rent" and paid CGST & SGST on the monthly rent received. Therefore, the addition made by the AO and confirmed by the CIT(A) was deleted.

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The Assessing Officer (AO) erred in considering the agreed rent ...

Tribunal upholds assessee's appeal, actual rent received & TDS should prevail over agreed rent for tax purposes.

December 3, 2024

Case Laws Income Tax AT

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