Court Rules Discount Should Be Considered in Taxable Turnover, Criticizes Overly Technical Approach by Authorities.

Court Rules Discount Should Be Considered in Taxable Turnover, Criticizes Overly Technical Approach by Authorities. https://www.taxtmi.com/highlights?id=57450 Disallowance of discount from the taxable turnover - There is no evidence that the dealer paid to the assessee the original value of the goods and not the discounted price - the authorities below have adopted a too technical an approach in disallowing the deduction of discount from the taxable turnover of the assessee. - HC en-us Sat, 03 Apr 2021 08:45:39 +0530 Sat, 03 Apr 2021 08:45:39 +0530 TaxTMI RSS Generator Court Rules Discount Should Be Considered in Taxable Turnover, Criticizes Overly Technical Approach by Authorities. https://www.taxtmi.com/highlights?id=57450 Disallowance of discount from the taxable turnover - There is no evidence that the dealer paid to the assessee the original value of the goods and not the discounted price - the authorities below have adopted a too technical an approach in disallowing the deduction of discount from the taxable turnover of the assessee. - HC Highlights VAT and Sales Tax Sat, 03 Apr 2021 08:45:39 +0530 https://www.taxtmi.com/highlights?id=57450