https://www.taxtmi.com/caselaws?id=286361 The Tribunal allowed the appeal against the disallowance of discount/rebate and penalty imposition, highlighting the contractual nature of the payment. The penalty imposed under section 271(1)(c) was quashed due to the overturning of the disallowance. The orders from January 15, 2009, and July 23, 2009, were set aside, with the appeals partly and fully allowed, respectively. en-us Mon, 18 Apr 2011 00:00:00 +0530 Sat, 22 Feb 2020 13:32:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286361 The Tribunal allowed the appeal against the disallowance of discount/rebate and penalty imposition, highlighting the contractual nature of the payment. The penalty imposed under section 271(1)(c) was quashed due to the overturning of the disallowance. The orders from January 15, 2009, and July 23, 2009, were set aside, with the appeals partly and fully allowed, respectively. Case-Laws Income Tax Mon, 18 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286361