No section 40A(3) disallowance on cash refund of excess money received on sale of goods

No disallowance under section 40A(3) of Income Tax Act, 1961 on cash refund of excess money received on sale of goods Assessing Officer disallowed amounts refunded to the customers on the ground that the same is not verifiable and no vouchers for such payments were kept by the appellant. During the appeal proceedings, appellant submitted that complete vouchers were maintained and the refund amount is as per the ledger account of the customers. Appellant submitted ledger accounts and vouchers which were forwarded for AO’s report by my predecessor. On verification of these vouchers and details...