2026 (1) TMI 937

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....2020-21, arises out of the order of the National Faceless Appeal Centre (NFAC), Delhi [hereinafter referred to as "ld. NFAC", in short] dated 24.01.2025 against the order of assessment passed u/s 143(3) r.w.s. 144B of the Income-tax Act, 1961 (hereinafter referred to as "the Act") dated 27.08.2022 by the Assessing Officer, Agra (hereinafter referred to as "ld. AO"). 2. The assessee has raised t....

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....goods through e-commerce portal for which commission was paid to e-commerce operators like Amazon, Flipkart, Paytm, etc. The return of income for the assessment year 2020-21 was filed by the Assessee on 27-08-2020 declaring total income of Rs. 9,60,980/-. The case was selected for scrutiny through CASS for the reason of "business expenses / large commission expenses and low net profit". During the....

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....Rs 12,46,250/- Total Purchases made from three parties Rs 33,37,900/- 5. It is pertinent to note that the parties had filed their confirmations together with their bank statements directly before the Learned AO in response to notices issued under section 133(6) of the Act. The Assessee had also submitted that those parties were not having taxable income and hence had not filed their incom....