Unilateral claim based on internally generated documents without any independent evidence cannot be allowed as business expenditure

Brief of the case:

• The ITAT Delhi in the case of DCIT vs. M/s Leroy Somer & Controls held that the internally generated documents by company without confirmation of the same by the other party are not sufficient to make a claim of discount. Therefore, unilateral claims without any independent evidence cannot be allowed as business expenditure.

Facts of the case:

• The assessee company is engaged in the

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