2003 (5) TMI 295

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.... Shri M.P. Devnath, Advocate, for the Respondent. [Order per : Justice K.K. Usha, President]. -  This is an appeal at the instance of the Revenue challenging the order passed by Commissioner (Appeals) dated 5-5-2002. 2. The issue raised herein relates to the claim of the respondent/assessee for deduction of retailing expenses. Pursuant to an order passed by this Tribunal date....

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....had to the nature of excisable goods, the trade practice in that commodity and other relevant factors. Certificate issued by the Chartered Accountant that the retailing expenses would be 20% of the retail price was also relied upon. On the other hand it was contended by the Department that only 50% of the marketing expenses can be allowed as the retailing expenses. The Commissioner (Appeals) accep....