1982 (12) TMI 183

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....nt a sum of Rs. 52,285.27 which it gave to its distributors as additional discount or rebate, over and above the normal discount. The assessing authority held that the assessee was not entitled to exclude this sum of Rs. 52,285.27 from the taxable turnover. On appeal, the Tribunal pointed out that the liability of the assessee to pay additional discount or rebate had been contracted under the dist....