https://www.taxtmi.com/caselaws?id=160847 Liquidated damages recovered for delay in supplying goods are not deductible from the sale price for sales tax purposes under the Central Sales Tax Act, 1956. The sale price comprises the consideration payable for the sale, with deductions limited to cash discount and similar permissible abatements; compensatory damages for delayed delivery are neither a rebate nor a discount and have no nexus with the agreed sale consideration. The Tribunal's view was upheld, and the reference petition was dismissed because no referable question of law arose. en-us Thu, 02 May 2002 00:00:00 +0530 Wed, 25 Dec 2013 16:07:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160847 Liquidated damages recovered for delay in supplying goods are not deductible from the sale price for sales tax purposes under the Central Sales Tax Act, 1956. The sale price comprises the consideration payable for the sale, with deductions limited to cash discount and similar permissible abatements; compensatory damages for delayed delivery are neither a rebate nor a discount and have no nexus with the agreed sale consideration. The Tribunal's view was upheld, and the reference petition was dismissed because no referable question of law arose. Case-Laws VAT and Sales Tax Thu, 02 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160847