https://www.taxtmi.com/caselaws?id=303299 The court quashed the revision orders disallowing trade discounts and raising fresh tax demands for the years 1999-2001. The appellate orders upholding the revisions were deemed erroneous as they did not consider the legitimacy of the discounts and credit notes. Relying on various judicial precedents, the court allowed deductions for trade discounts and credit notes, leading to the quashing of the impugned orders and directing refunds to the petitioner within four weeks, including amounts paid under interim orders. Both writ petitions were allowed, and stay orders on the balance tax demands were noted. en-us Wed, 14 Aug 2019 00:00:00 +0530 Tue, 12 Jul 2022 20:31:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303299 The court quashed the revision orders disallowing trade discounts and raising fresh tax demands for the years 1999-2001. The appellate orders upholding the revisions were deemed erroneous as they did not consider the legitimacy of the discounts and credit notes. Relying on various judicial precedents, the court allowed deductions for trade discounts and credit notes, leading to the quashing of the impugned orders and directing refunds to the petitioner within four weeks, including amounts paid under interim orders. Both writ petitions were allowed, and stay orders on the balance tax demands were noted. Case-Laws VAT and Sales Tax Wed, 14 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303299