Sales-return deduction denied for delay beyond the statutory six-month filing period, with disallowance upheld.

Sales-return deduction was held unavailable where the claim was filed beyond the six-month statutory period. The Madras HC noted that the sale occurred on 13 December 1970, the credit note was passed on 30 June 1971, and the deduction claim was made on 25 May 1972, but the governing Full Bench view required the claim to be lodged within six months of the sale. Applying that statutory limit, the assessee was not entitled to the deduction, the disallowance was upheld, and the revision succeeded.

---

---

Issues: Whether the assessee was entitled to deduction for sales returns when the claim was made beyond the six-month period contemplated by the statute.

Analysis: The sale was effected on 13 December 1970, the credit note was passed on 30 June 1971, and the claim for sales-return deduction was made on 25 May 1972. The earlier view followed by the Tribunal had been overruled by a Full Bench, and the governing position was that the claim had to be filed within six months as required by the statute.

Conclusion: The assessee was not entitled to the deduction. The disallowance was upheld, and the revision succeeded.

---