https://www.taxtmi.com/caselaws?id=159781 A genuine trade or quantity discount is excludible from turnover where it is allowed under the dealer's regular practice or under a contract or agreement, and the accounts show receipt of only the net amount. The text further notes that credit notes issued as rebate evidence a trading arrangement responsive to market conditions and customer demand. On those facts, revisional interference is not justified unless there is material rebutting the appellate finding that the rebate formed part of the sale terms, and the exclusion of the rebate from turnover is restored. en-us Fri, 21 Mar 2003 00:00:00 +0530 Mon, 02 Dec 2013 11:59:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159781 A genuine trade or quantity discount is excludible from turnover where it is allowed under the dealer's regular practice or under a contract or agreement, and the accounts show receipt of only the net amount. The text further notes that credit notes issued as rebate evidence a trading arrangement responsive to market conditions and customer demand. On those facts, revisional interference is not justified unless there is material rebutting the appellate finding that the rebate formed part of the sale terms, and the exclusion of the rebate from turnover is restored. Case-Laws VAT and Sales Tax Fri, 21 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159781