TMI Blog2016 (1) TMI 1128X X X X Extracts X X X X X X X X Extracts X X X X ..... ve reduced its sale and only shown the net figure of sales, we find that whether gross sales is shown on the credit side, with a quality claim shown on the debit side, or whether a net sale figure is shown effect is the same. His hyper technical objection does not our approval. Learned Departmental Representative has now given a new twist to the matter. He submits that since all the foreign bills ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r. - Decided against revenue - I.T.A. No.259/RJT/2012 - - - Dated:- 4-1-2016 - Pramod Kumar, AM and Rajpal Yadav,JM] Yogesh Pandey.for the appellant Vimal Desai.for the respondent O R D E R Per Pramod Kumar, AM: By way of this appeal, the Assessing Officer has challenged correctness of the order dated 29th February, 2012, passed by the learned CIT(A) in the matter o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ns, perused the material on record and duly considered facts of the case in the light of the applicable legal position. 7. We find that there is enough material on record to evidence that the assessee was confronted with quality claims by the vendor. The claims were quantified and already made. Under these circumstances, the quality claim cannot be said to be contingent or uncertain liabilities ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gross sales is shown on the credit side, with a quality claim shown on the debit side, or whether a net sale figure is shown effect is the same. His hyper technical objection does not our approval. Learned Departmental Representative has now given a new twist to the matter. He submits that since all the foreign bills were purchased by the buyer, and the assessee had already received the sale proc ..... X X X X Extracts X X X X X X X X Extracts X X X X
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