2026 (7) TMI 195

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.... ORDER PER MANISH AGARWAL, ACCOUNTANT MEMBER: The present appeal is filed by assessee against the order dated 26.09.2025 passed by Ld. Commissioner of Income Tax (A), National Faceless Appeal Centre ("NFAC"), Delhi ["Ld. CIT(A)"] in Appeal No. NFAC/2020-21/10211727 u/s 250 of the Income Tax Act, 1961 ["the Act"] arising out of assessment order dated 27.12.2022 passed u/s 143(3) r.w.s. 144B ....

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.... such services. However, the AO has not accepted the contention of the assessee and disallowed the said expenses and accordingly, total income of the assessee was assessed at INR 1,14,21,789/-. 3. Against the said order, the assessee preferred appeal before Ld. CIT(A) who vide impugned order dated 26.09.2025, dismissed the appeal of the assessee by holding that the assessee has made alternate c....

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....tariksh Engineering P.Ltd. INR 18,59,326/- (ii) Implex Infrastructure P. Ltd. INR 9,24,000/- (iii) Blue Square Infrastructure LLP INR 5,50,613/-   Total INR 3333938/- 7. During the course of assessment proceedings, assessee made alternate claim that since these are trade outstanding on account of services rendered in earlier years or in the year under appeal a....

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.... was claiming the outstanding as result of invoices raised against the services rendered in the year under appeal or in preceding years and also the GST charged have already been paid. The invoices so raised were credited to the sales accounts and "rebate and discount" have been reduced from the amounts of sales and debited to the accounts of the respective parties. Once the assessee has establish....