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2023 (6) TMI 737 - ITAT DELHIDisallowance of commission on sales - HELD THAT:- After considering the facts in totality and finding that the disallowance has been made on adhoc basis, as a percentage of gross profit, we are of the considered view that such disallowance is baseless and the ld. CIT(A) has rightly deleted the same, which calls for no interference. Common grounds in both the appeals of the Revenue are dismissed. Disallowance of difference in sales as per VAT Return and Sales as per the profit and loss account - HELD THAT:- Assessee has furnished the details under Schedule 11 of the Financial Statements and had the Assessing Officer gone through the said Financial Statements, he would have seen that there is no such difference in the alleged turnover. It is not the case of the AO that the assessee has made sales outside its books of accounts. We find that rectification is available in the audited financial statement itself. Therefore, we do not find any error or infirmity in the findings of the ld. CIT(A). This ground is also dismissed. Credit appearing in the books of accounts which has not been accounted in the books of account of the assessee - HELD THAT:- Explanation of the assessee that when the assessee does not receive any goods, it does not pass any entry and the other party, i.e. Reebok India Co. Ltd, having debited the assessee, passes credit entry in their books of account and, therefore, there is no difference. No error in such accounting treatment and, therefore, do not find any reason to interfere with the findings of the ld. CIT(A). This ground is also dismissed.
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