https://www.taxtmi.com/caselaws?id=180643 Sales return deduction is allowable only in the assessment year in which the corresponding sales were included in turnover, not in the succeeding year. Where the assessee satisfies the statutory time limits, account entries, and claim requirements, a completed assessment for the correct year may be reopened so the deduction can be examined on merits and the assessment revised accordingly. A mistaken claim in the later year does not change the legal position. The impugned revision was set aside and the assessing authority was directed to reopen the earlier year and decide the deduction claim in accordance with law. en-us Wed, 18 Mar 2015 00:00:00 +0530 Thu, 31 Mar 2016 10:39:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180643 Sales return deduction is allowable only in the assessment year in which the corresponding sales were included in turnover, not in the succeeding year. Where the assessee satisfies the statutory time limits, account entries, and claim requirements, a completed assessment for the correct year may be reopened so the deduction can be examined on merits and the assessment revised accordingly. A mistaken claim in the later year does not change the legal position. The impugned revision was set aside and the assessing authority was directed to reopen the earlier year and decide the deduction claim in accordance with law. Case-Laws VAT and Sales Tax Wed, 18 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180643