https://www.taxtmi.com/caselaws?id=221542 The Court held that trade discounts should not be included in the total turnover for computing deductions under Section 80HHC of the Act. The judgment favored the assessee, reversing the Tribunal's decision and allowing the appeals based on previous case law. The Court emphasized the distinction between trade discounts and cash discounts, stating that trade discounts do not reduce the sale price and should be excluded from total turnover calculations. The decision was in favor of the assessee, and the Tribunal's judgment was reversed. en-us Mon, 10 Sep 2012 00:00:00 +0530 Fri, 15 Mar 2013 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221542 The Court held that trade discounts should not be included in the total turnover for computing deductions under Section 80HHC of the Act. The judgment favored the assessee, reversing the Tribunal's decision and allowing the appeals based on previous case law. The Court emphasized the distinction between trade discounts and cash discounts, stating that trade discounts do not reduce the sale price and should be excluded from total turnover calculations. The decision was in favor of the assessee, and the Tribunal's judgment was reversed. Case-Laws Income Tax Mon, 10 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221542