2025 (3) TMI 1666

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.... Shailendra Shrivastava - Ld. Sr. DR ORDER MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. Aforesaid appeal by assessee for Assessment Year (AY) 2014-15 arises out of an order of learned Commissioner of Income Tax (Appeals), Aligarh [CIT(A)] dated 01-01-2018 in the matter of an assessment framed by Ld. AO u/s 143(3) vide order dated 30-12-2016. The sole grievance of the assessee is confirmati....

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....er appeal before us. 3. The Ld. AR has stated that credit notes so received by the assessee were fully allowed amongst the dealers and since the resultant figure was zero, the same was not passed through Profit & Loss Account. In support, Ld. AR placed on record copy of ledger account of credit notes / cash discount received and paid to the dealers. Upon perusal of the same, we find substance i....