https://www.taxtmi.com/caselaws?id=98250 Genuine trade discounts, including a special discount for old stock and a quantity incentive discount, were held deductible from the assessable value of paper because they arose from commercial considerations, were passed on to customers, and were not shown to distort the price or lack genuineness. The department did not dispute the bona fides of the transactions, and the lower authorities' contrary view was set aside in favour of the assessee. The operative principle is that a bona fide trade discount or quantity incentive, when commercially justified and not inconsistent with arm's length dealing, reduces assessable value. en-us Tue, 16 May 2000 00:00:00 +0530 Thu, 19 Jan 2012 17:40:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98250 Genuine trade discounts, including a special discount for old stock and a quantity incentive discount, were held deductible from the assessable value of paper because they arose from commercial considerations, were passed on to customers, and were not shown to distort the price or lack genuineness. The department did not dispute the bona fides of the transactions, and the lower authorities' contrary view was set aside in favour of the assessee. The operative principle is that a bona fide trade discount or quantity incentive, when commercially justified and not inconsistent with arm's length dealing, reduces assessable value. Case-Laws Central Excise Tue, 16 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98250