https://www.taxtmi.com/caselaws?id=161765 The court ruled in favor of the petitioner, excluding the quantitative discount from the taxable turnover. The assessment order and demand notice were quashed in part, with the court determining that the discount provided by the petitioner as free goods without consideration did not constitute a sale under the Bihar Finance Act, 1981. The court emphasized that trade discounts should be deducted from the sale price and are not part of the taxable turnover, citing relevant legal provisions and precedents supporting this interpretation. en-us Mon, 01 Sep 2003 00:00:00 +0530 Wed, 05 Feb 2014 18:13:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161765 The court ruled in favor of the petitioner, excluding the quantitative discount from the taxable turnover. The assessment order and demand notice were quashed in part, with the court determining that the discount provided by the petitioner as free goods without consideration did not constitute a sale under the Bihar Finance Act, 1981. The court emphasized that trade discounts should be deducted from the sale price and are not part of the taxable turnover, citing relevant legal provisions and precedents supporting this interpretation. Case-Laws VAT and Sales Tax Mon, 01 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161765