1987 (2) TMI 479

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....les Tax Act, 1954, as amended by the Amendment Act of 1984. The question of law referred for the decision of this Court, is the following: "Whether, on the facts and circumstances of the case, the rebate allowed by the assessee on account of reduction of price as per agreement to its dealers amounts to discount deductible under section 2(t) of the Rajasthan Sales Tax Act, 1954 and rule 29(a) of....

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.... such a deduction could not be granted as it did not qualify for deduction under the aforesaid explanation (iii), as a discount on the price. It is also contended that the deduction was not given at the time of sale, but, subsequently, on the basis of the existing stock as a result of reduction in the price.   Having heard both the sides, I am satisfied that this revision by the department....