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2015 (5) TMI 744 - AT - Income TaxDisallowance of 20% of the discount and credit notes allowed to clients - CIT(A) deleted the disallowance - Held that:- In the present case since the AO had accepted the books of accounts maintained by the assessee in regular course of business and also did not bring any material on record to substantiate that the expenses on account of credit notes / discounts were not related to the business of the assessee. Therefore, the ad hoc disallowance made by the AO was not justified and the Ld. CIT(A) rightly deleted the same. In that view of the matter and by considering the totality of the facts as discussed hereinabove, we do not see any merit in this appeal of the department. - Decided against revenue.
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