2025 (4) TMI 2056

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....ER PER BENCH : The captioned appeal by the assessee is against the order of the Ld. Commissioner of Income Tax (Appeal), Addl/JCIT(A)-2, Surat [hereinafter referred to as "the Ld. CIT(A)"] vide order no. ITBA/NFAC/S/250/2024- 25/1070613915(1) dated 25.11.2024 passed u/s 250 of the Income Tax Act, 1961 (hereinafter referred to as "the Act") for AY 2017-18. 2. Shri Mohit Sheth represented o....

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....urrencies given to the assessee by the assessee's client for making payment of LIC premium. It was the submission that the Assessing Officer also recognized that the assessee is an authorized premium point collection agent for LIC. It was the submission that payment to LIC was permitted in respect of the demonetized currency. It was the prayer that the disallowance as made by the Assessing Officer....