Assessee claimed business loss on account of disposal of non-banking assets, loss towards write off of discrepant notes and cash backs offered to credit card customers.  Assessing Officer held  that assessee had not furnished any supporting documentary evidence and accordingly disallowed claim of loss. CIT(A) allowed the claim of the assessee. On appeal the Tribunal held that  loss claimed on sale of assets was in ordinary course of business. It was also not in dispute that discrepant notes not accepted by RBI had to be written off as business loss.  Similarly, offers made to credit card customers could not be said to be for non-business purposes. Order of the CIT(A) is affirmed. (AY.  2006-07)