An assessee having turnover around Rs. 13 crores has claimed Rs. 8 lakhs as Cash Discount in AY 2009-10. The amount of CD is deducted from the respective Invoices. There is no other documentary evidence supporting the said CD. The Assessing Officer has disallowed the entire amount of CD Rs. 8 lakhs during the Scrutiny, on the ground that the same cannot be cross verified. Now the matter is up with the CIT(A).
Pls provide any suitable case law or any favourable ground for the allowability of Cash Discount.
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