https://www.taxtmi.com/caselaws?id=313902 ITAT Jaipur dismissed the assessee's appeal regarding prior period expenses, confirming disallowance as no evidence supported crystallization of liability in the current year. However, the tribunal allowed the appeal on unexplained customer advances, directing deletion of the addition. The assessee, a vehicle dealer, received advances for bookings which were properly adjusted against sales or refunded. The tribunal found identity, capacity, and genuineness established through ledger accounts and sales bills in over 1400 cases. The assessment was completed hastily within three months, making proper inquiry into 1500 customers impractical. Commission expense disallowance was upheld due to contradictory facts. en-us Wed, 09 Nov 2022 00:00:00 +0530 Wed, 08 May 2024 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313902 ITAT Jaipur dismissed the assessee's appeal regarding prior period expenses, confirming disallowance as no evidence supported crystallization of liability in the current year. However, the tribunal allowed the appeal on unexplained customer advances, directing deletion of the addition. The assessee, a vehicle dealer, received advances for bookings which were properly adjusted against sales or refunded. The tribunal found identity, capacity, and genuineness established through ledger accounts and sales bills in over 1400 cases. The assessment was completed hastily within three months, making proper inquiry into 1500 customers impractical. Commission expense disallowance was upheld due to contradictory facts. Case-Laws Income Tax Wed, 09 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313902