Cash Discount cannot be disallowed for mere non-mention of same on Invoice

M/s. Sai Krishna Agencies Medak Vs Asstt. (ITAT Hyderabad)

We find that the AO had made some enquiries from the customers to find out if they received any discounts from the assessee, but the assessee has not been confronted with the findings of such an ex-parte enquiry report. This is in clear violation of principles of natural justice. The assessee has now filed the confirmation from the parties and also relevant material in support of his claim that he has given cash discount to the customers and his explanation as to why it is not included in the invoices is that Mahindra &

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