Payment made in excess of Rs 20000/- should be allowed if made in business exigency

1.Deduction for shortage in weight at the time of sale and purchase should be considered separately.  2. Brief of the case: Deduction for shortage in weight at the time of sale and purchase should be considered separately. 1.ITAT held in Manikanta Concerns Vs DCIT that if the assesse had claimed deduction of shortage in weight or quality at the time of purchase then it did not mean that assesse could not claim deduction of shortage in weight or quality at the time of sale. Moreover as certificate/ debit note was also presented before the AO which was given by the purchasing party depicting th...