debit notes being raised by Shri Balaji Shiping Corporation instead
of invoices, and the amount in debit note matches with amount mentioned
in freight certificates ... debit notes raised by Shri Balaji
Shipping Corporation and other agents.The assessee has filed paper book
which contains various debit notes issued by shipping
arbitrarily
sent debit notes as under:
DN/O5/2013 DTD.20-2-2013 3,31,710-00
(Being amount debit note for the
Shrinkage ... scrutiny of the
debit notes, the plaintiff found that the reasons stated
by the defendant for raising debit notes are void,
arbitrary, imaginary, illegal
TNMM
ancillary expenses
10 Write off debit note issued for air freight 1,160,855 TNMM
reimbursement
3. The TPO accepted all the transactions
currency 42,414,147
Add Debit Notes raised on customers 8,63,292
sales as per sales register
Less Freight expenses on export bills ... shown in
P&L account was reconciled after
adjustment for debit notes [raised on
Page
vide debit note
dated 15.07.2009 Ex. D14 (also Ex. DW1/9); (ii) Rs. 615/
towards Dealer Support charges vide debit note dated ... Ricoh India Ltd. & Ors. page 18 of 21
Freight on Emertel vide debit note dated 30.08.2009 Ex. D16
(also
difference between freight
payment to the sister concern u/s. 40A(2)(b) as reported in tax audit report and
freight charges debited ... said sister concern was
because of the reason of lorry advance freight in-out account. Similarly, the
discrepancy of the amount paid to the said
brokerage and forwarding and handling charges.
As regards payment of railways freight paid through M/s P.D. Prasad &
Sons Pvt Ltd and Sukhvinder ... payment. How the bills are raised is
also not clear. No debit note is available; therefore, onus upon the assessee
has not been discharged
Assessing Officer noted that the taxable
unit (Bawal) is debiting higher expenses as compared to the tax
exempt unit (Haridwar) and noted that apportionment/allocation ... Travelling - 10,52,444
Sales promotion expenses 2,64,057
Packing freight & forwarding 1,61,234 20,08,657
Printing & stationary
twist to justify the Bank credits as sales by referring to Guidance Note on
Section 44AB issued by Institute of Chartered Accountants of India, that ... debited in the same account, Therefore neither AO nor CIT (Appeals) is not
justified in their actions.
(b) Regarding increase in establishment, wages , freight
noting
the difference of Rs. 19,20,000/-, the assessee was required to explain
the same. Inviting attention to the reply dated 28.08.2006, taken note ... were directly made to the members from the freight received account
instead of debiting in the Freight Paid account. The list of all these members
