https://www.taxtmi.com/caselaws?id=36928 The court ruled in favor of the assessee, holding that the discount provided to another firm was not excessive or unreasonable under section 40A of the Income-tax Act, 1961. The Tribunal found the discount to be part of the net price and not an additional expenditure subject to disallowance. Emphasizing the genuineness of the transaction and absence of excess payment, the court rejected the revenue's claim for disallowance, awarding costs to the assessee. en-us Tue, 23 Oct 1979 00:00:00 +0530 Thu, 25 Mar 2010 14:12:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36928 The court ruled in favor of the assessee, holding that the discount provided to another firm was not excessive or unreasonable under section 40A of the Income-tax Act, 1961. The Tribunal found the discount to be part of the net price and not an additional expenditure subject to disallowance. Emphasizing the genuineness of the transaction and absence of excess payment, the court rejected the revenue's claim for disallowance, awarding costs to the assessee. Case-Laws Income Tax Tue, 23 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36928