https://www.taxtmi.com/caselaws?id=68870 The High Court of Madras held that a dealer is entitled to deduct the sum refunded from the total turnover in the year of refund, irrespective of the original sale date. The Tribunal's orders were set aside, directing consideration of refund claims for each year separately. The matter was remitted to the Assessing Officer due to complex accounts, to be reviewed by CTO III/CAC Madras following established principles. Claims for specific years were listed for further consideration, emphasizing adherence to legal requirements for deductions from total turnover. en-us Tue, 30 Mar 1976 00:00:00 +0530 Sat, 02 Apr 2011 11:43:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68870 The High Court of Madras held that a dealer is entitled to deduct the sum refunded from the total turnover in the year of refund, irrespective of the original sale date. The Tribunal's orders were set aside, directing consideration of refund claims for each year separately. The matter was remitted to the Assessing Officer due to complex accounts, to be reviewed by CTO III/CAC Madras following established principles. Claims for specific years were listed for further consideration, emphasizing adherence to legal requirements for deductions from total turnover. Case-Laws Income Tax Tue, 30 Mar 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68870