2025 (12) TMI 524

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....ndya, Sr. DR ORDER PER: BENCH 1. This is an appeal filed by the assessee against the order of the ld. CIT(A), NFAC, Delhi in Appeal No. CIT(A), Ranchi/10772/2019-20 dated 28/06/2024 for the A.Y. 2017-18. 2. Shri Rajiv Mittal, ld. A.R. is represented on behalf of the assessee and Shri Khubchand T. Pandya, ld. Sr. DR is represented on behalf of the revenue. 3. It was submitted by the ....

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....ases were shown less by Rs. 6,22,624/- and this was on account of the schemes and the credit notes received and this in fact only went to increase the profitability of the assessee. It was a submission that the credit notes received were liable to be allowed and the addition deleted. The ld. Authorised Representative has filed a reconciliation which reads as follows: Purchase as per Purchase Re....