Business discount claimed at 2.81% of the total sales - partial...
Business's 2.81% Discount Partially Disallowed Due to Lack of Ad Hoc Discount Policy; Requires Careful Assessment.
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Income TaxAugust 17, 2012Case LawsHC
Business discount claimed at 2.81% of the total sales - partial dis-allowance - The companies do not offer discounts on adhoc basis. The amount was substantial and could not be given on adhoc treatment at the time of assessment. - HC