https://www.taxtmi.com/caselaws?id=150601 The court held that the bonus discount scheme provided by the assessee did not qualify as a "cash discount" under Section 2(h) of the Central Sales Tax Act. Therefore, the amounts claimed as discounts were not deductible from the taxable turnover. The court distinguished between cash discounts and trade discounts, emphasizing that the exclusion under the Act applied only to cash discounts. As a result, the tax cases were dismissed with costs, and the petitions were rejected. en-us Tue, 24 Jul 1973 00:00:00 +0530 Mon, 20 May 2013 12:45:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150601 The court held that the bonus discount scheme provided by the assessee did not qualify as a "cash discount" under Section 2(h) of the Central Sales Tax Act. Therefore, the amounts claimed as discounts were not deductible from the taxable turnover. The court distinguished between cash discounts and trade discounts, emphasizing that the exclusion under the Act applied only to cash discounts. As a result, the tax cases were dismissed with costs, and the petitions were rejected. Case-Laws VAT and Sales Tax Tue, 24 Jul 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150601