https://www.taxtmi.com/caselaws?id=166371 The Division Bench quashed the impugned order under the KVAT Act, directing the assessing officer to recalculate taxable turnover by considering discounts granted. The court upheld that discounts should lower turnover and be factored into tax calculations, criticizing the assessing officer's failure to do so. The writ petitions were allowed, with instructions for the assessing officer to seek assistance if required and refund any excess amounts collected. en-us Fri, 04 Feb 2011 00:00:00 +0530 Mon, 22 Sep 2014 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166371 The Division Bench quashed the impugned order under the KVAT Act, directing the assessing officer to recalculate taxable turnover by considering discounts granted. The court upheld that discounts should lower turnover and be factored into tax calculations, criticizing the assessing officer's failure to do so. The writ petitions were allowed, with instructions for the assessing officer to seek assistance if required and refund any excess amounts collected. Case-Laws VAT and Sales Tax Fri, 04 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166371