2022 (6) TMI 1353

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....e)-Ld. AR For the Respondent : Shri Varuvooru Sreedhar (Addl. CIT)-Ld. DR ORDER Manoj Kumar Aggarwal (Accountant Member) 1. Aforesaid appeal by assessee for Assessment Year (AY) 2008-09 arises out of the order of learned Commissioner of Income Tax (Appeals)-5, Chennai [CIT(A)] dated 18-03-2019 in the matter of assessment framed by Ld. Assessing Officer [AO] u/s. 143(3) r.w.s. 254 of th....

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....lating to allowing the said debts as business loss. We order accordingly and direct the Assessing Officer to adjudicate the issue afresh after considering the material placed before him even it means furnishing of additional evidences for the first time before him. In the remand proceedings, the Assessing Officer shall consider all the judgments relied upon by the ld. Counsel for the assessee. The....

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....yments. In support, the assessee submitted ledger extract of the customers wherein short-payment was made and finally wrote-off the same as bad-debts. However, Ld. AO held that the assessee could not produce any details such as copies of invoices to prove the claim relating to the claim of discounts and any correspondence to show that the Government undertaking claimed discounts on the invoices ra....