Appellate Tribunal dismisses Revenue's appeal on discount deduction for damages

The Appellate Tribunal CEGAT, New Delhi dismissed the Revenue's appeal regarding deduction of discount on account of damages. The Tribunal found no infirmity in the impugned order, referencing prior decisions and the lack of a stay granted by the Supreme Court, leading to the rejection of the Department's appeal.

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The Appellate Tribunal CEGAT, New Delhi heard an appeal filed by the Revenue regarding deduction of discount on account of damages. The Tribunal dismissed the appeal as it found no infirmity in the impugned order, citing earlier decisions and the absence of a stay granted by the Supreme Court. The Department's appeal was therefore rejected.

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