https://www.taxtmi.com/caselaws?id=257950 The Tribunal upheld the CIT(A)'s decision, confirming the disallowance of trade discount expenses totaling Rs. 49,90,640. Despite the assessee's detailed submissions and evidence, the Tribunal found the discounts to be non-genuine, as payments were made after tractor sales and discrepancies existed between ledger accounts and cash books. The Tribunal concluded that the expenses were not proven to be legitimate business expenditures, leading to the dismissal of the appeal on 19th March 2015 in Ahmedabad. en-us Thu, 19 Mar 2015 00:00:00 +0530 Fri, 27 Mar 2015 07:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257950 The Tribunal upheld the CIT(A)'s decision, confirming the disallowance of trade discount expenses totaling Rs. 49,90,640. Despite the assessee's detailed submissions and evidence, the Tribunal found the discounts to be non-genuine, as payments were made after tractor sales and discrepancies existed between ledger accounts and cash books. The Tribunal concluded that the expenses were not proven to be legitimate business expenditures, leading to the dismissal of the appeal on 19th March 2015 in Ahmedabad. Case-Laws Income Tax Thu, 19 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257950