1976 (3) TMI 93

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....the claim towards sales returns is concerned. The High court has held that a dealer is entitled to claim towards sales returns is concerned. The High court has held that a dealer is entitled to claim deduction of the sum refunded by him from the total turnover in the year in which he refunded the amount irrespective of the date of sale or the year in which the sale took place. Thus, the High Court....

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....369/70 as referred to in the aforementioned T.C. Nos. 465,566 etc. dt. 10th April, 1975. The Claims which have to be remanded for the years are as under :- S.No. Year T.C. No. T.A. No. Turnover . 1. 1965-66 91/73 105/72 38,617.37 . 2. 1966-67 466/70 117/69 3,43,433.37 @1% . . . . 88,738.81 @1-1/2% 3. 1967-68 465/70 ....