https://www.taxtmi.com/caselaws?id=63221 The Tribunal ruled in favor of the assessee, deleting various additions and disallowances made by the Assessing Officer. The disallowance of annual discount to M/s Paris Beauty Sales Co. was overturned, as the Tribunal deemed it commercially justified. Alleged bogus purchases from M/s Ess Kay Enterprises were accepted as genuine, and additions due to low Gross Profit rate were deleted. Disallowance of trade discount to Wadhwa Sons Sales Corporation was also annulled. The Tribunal upheld the disallowance of sales-tax payable but directed a recomputation of interest. Reopening of assessment and other additions were either deleted or reduced, providing relief to the assessee. en-us Thu, 10 Feb 1994 00:00:00 +0530 Fri, 28 Jan 2011 15:25:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63221 The Tribunal ruled in favor of the assessee, deleting various additions and disallowances made by the Assessing Officer. The disallowance of annual discount to M/s Paris Beauty Sales Co. was overturned, as the Tribunal deemed it commercially justified. Alleged bogus purchases from M/s Ess Kay Enterprises were accepted as genuine, and additions due to low Gross Profit rate were deleted. Disallowance of trade discount to Wadhwa Sons Sales Corporation was also annulled. The Tribunal upheld the disallowance of sales-tax payable but directed a recomputation of interest. Reopening of assessment and other additions were either deleted or reduced, providing relief to the assessee. Case-Laws Income Tax Thu, 10 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63221