https://www.taxtmi.com/caselaws?id=68844 The ITAT Madras allowed the appeal, granting relief to the appellants by excluding specific sales returns from the assessable turnover for the assessment year 1972-73. The court emphasized the importance of the date of refund for deduction purposes under Section 13(5) and Rule 5A(b)(i), aligning with previous judgments and decisions. The interpretation focused on excluding refunded amounts in the year of refund, not the year of sale, resulting in the successful appeal and relief for the appellants. en-us Mon, 08 Sep 1975 00:00:00 +0530 Sat, 02 Apr 2011 10:37:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68844 The ITAT Madras allowed the appeal, granting relief to the appellants by excluding specific sales returns from the assessable turnover for the assessment year 1972-73. The court emphasized the importance of the date of refund for deduction purposes under Section 13(5) and Rule 5A(b)(i), aligning with previous judgments and decisions. The interpretation focused on excluding refunded amounts in the year of refund, not the year of sale, resulting in the successful appeal and relief for the appellants. Case-Laws Income Tax Mon, 08 Sep 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68844