ASSISTANT COMMISSIONER OF INCOME TAX Vs. VIKRAM TRACTORS

JUDGEMENT

(1.) THESE three appeals under s. 260A of the IT Act, 1961 (hereinafter referred to as the "Act") are directed against the

(2.) THE appeals have been admitted on the following questions :

(3.) THE brief facts of the case are that the respondent dealer was carrying on the business of tractors, motorcycles and their spare parts. It has given discount to its customer. Such discount has been disallowed by the assessing authority on the ground of certain discrepancies being found in some of the vouchers. Being aggrieved by the order, the assessee filed the appeal before the CIT(A). The CIT(A) upheld the disallowance of such discount. Being aggrieved by the order, the assessee filed the second appeal before the Tribunal. The Tribunal by the impugned order allowed the appeal and deleted the addition towards disallowance of such discount. The Tribunal held as follows :