https://www.taxtmi.com/caselaws?id=47575 The Supreme Court affirmed the Tribunal's decision allowing the deduction of commission paid as a trade discount for calculating the assessable value of cotton yarn. The Court emphasized the principal-to-principal basis of the sale relationship between the respondent and dealers, highlighting the importance of agreements and nature of the sale in determining the deductibility of such payments. The Court distinguished the case from others based on the relationship between the parties and upheld that the commission was indeed a trade discount, dismissing the Revenue's appeal and underscoring the significance of the sale terms in assessing the value of goods. en-us Thu, 02 Feb 2006 00:00:00 +0530 Thu, 12 Jun 2014 13:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47575 The Supreme Court affirmed the Tribunal's decision allowing the deduction of commission paid as a trade discount for calculating the assessable value of cotton yarn. The Court emphasized the principal-to-principal basis of the sale relationship between the respondent and dealers, highlighting the importance of agreements and nature of the sale in determining the deductibility of such payments. The Court distinguished the case from others based on the relationship between the parties and upheld that the commission was indeed a trade discount, dismissing the Revenue's appeal and underscoring the significance of the sale terms in assessing the value of goods. Case-Laws Central Excise Thu, 02 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47575