https://www.taxtmi.com/caselaws?id=154969 A trade discount allowed to stockists under the dealer's regular practice remained deductible from turnover, because the statutory rule permitted discounts given in accordance with established practice or contract and reflected in the accounts, even if quantified and adjusted at year-end. Motor car bulbs used only in vehicles were treated as component parts or accessories of motor vehicles rather than general electrical goods, since the special motor-vehicle entry prevailed over the broader electrical-goods entry where both appeared to apply. The document therefore states that regular year-end trade discounts are deductible, and that specific schedule classification overrides a general entry when the goods are more specifically described. en-us Thu, 21 Jun 1984 00:00:00 +0530 Fri, 30 Aug 2013 16:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154969 A trade discount allowed to stockists under the dealer's regular practice remained deductible from turnover, because the statutory rule permitted discounts given in accordance with established practice or contract and reflected in the accounts, even if quantified and adjusted at year-end. Motor car bulbs used only in vehicles were treated as component parts or accessories of motor vehicles rather than general electrical goods, since the special motor-vehicle entry prevailed over the broader electrical-goods entry where both appeared to apply. The document therefore states that regular year-end trade discounts are deductible, and that specific schedule classification overrides a general entry when the goods are more specifically described. Case-Laws VAT and Sales Tax Thu, 21 Jun 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154969