https://www.taxtmi.com/caselaws?id=166360 The court addressed the interpretation of rule 3(2)(c) of the Karnataka Value Added Tax Rules, 2005, concerning tax levied on discounts. The Tribunal's decision favoring the assessee was challenged by the Revenue. The court ultimately set aside the Tribunal's decision, reinstating the assessing authority's order. The judgment emphasized the requirement for discounts to be separately shown on tax invoices as per rule 3(2)(c), leading to the deletion of the tax levy imposed on the discounts given to dealers. en-us Fri, 15 Jul 2011 00:00:00 +0530 Fri, 19 Sep 2014 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166360 The court addressed the interpretation of rule 3(2)(c) of the Karnataka Value Added Tax Rules, 2005, concerning tax levied on discounts. The Tribunal's decision favoring the assessee was challenged by the Revenue. The court ultimately set aside the Tribunal's decision, reinstating the assessing authority's order. The judgment emphasized the requirement for discounts to be separately shown on tax invoices as per rule 3(2)(c), leading to the deletion of the tax levy imposed on the discounts given to dealers. Case-Laws VAT and Sales Tax Fri, 15 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166360