https://www.taxtmi.com/caselaws?id=157044 The statutory deduction for goods returned by purchasers under rule 6(1)(b)(i) had to be read with rules 50(4) and 50(5), which provide for revision of the assessment and consequential refund within the prescribed time. On that combined reading, the deduction, adjustment, or refund was treated as relating back to the financial year in which the original sales were effected, not the later year in which the goods were returned and refunded, if the prescribed conditions were met. The assessee therefore could not claim the sales-return deduction in the subsequent assessment year, and the Tribunal's contrary view was held erroneous. en-us Tue, 08 Sep 1992 00:00:00 +0530 Fri, 27 Sep 2013 18:51:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157044 The statutory deduction for goods returned by purchasers under rule 6(1)(b)(i) had to be read with rules 50(4) and 50(5), which provide for revision of the assessment and consequential refund within the prescribed time. On that combined reading, the deduction, adjustment, or refund was treated as relating back to the financial year in which the original sales were effected, not the later year in which the goods were returned and refunded, if the prescribed conditions were met. The assessee therefore could not claim the sales-return deduction in the subsequent assessment year, and the Tribunal's contrary view was held erroneous. Case-Laws VAT and Sales Tax Tue, 08 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157044