https://www.taxtmi.com/caselaws?id=151416 The Madras High Court ruled in a case involving a manufacturer of polythene products claiming a rebate as a deduction under the Central Sales Tax Act. The court upheld the Tribunal's decision to allow the rebate as a cash discount, distinguishing it from trade discounts. Emphasizing that only cash discounts are deductible under the Act, the court considered the trade practice and consistency in allowance by tax authorities. The judgment clarified the distinction between trade and cash discounts, affirming the rebate amount's eligibility as a deduction and dismissing the State's challenge. en-us Thu, 11 Mar 1976 00:00:00 +0530 Wed, 05 Jun 2013 16:21:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151416 The Madras High Court ruled in a case involving a manufacturer of polythene products claiming a rebate as a deduction under the Central Sales Tax Act. The court upheld the Tribunal's decision to allow the rebate as a cash discount, distinguishing it from trade discounts. Emphasizing that only cash discounts are deductible under the Act, the court considered the trade practice and consistency in allowance by tax authorities. The judgment clarified the distinction between trade and cash discounts, affirming the rebate amount's eligibility as a deduction and dismissing the State's challenge. Case-Laws VAT and Sales Tax Thu, 11 Mar 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151416