Future Discount on Bill Purchases Post-March 31, 2000, Not Taxable in Current Year, Confirms Appeal Decision.

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....Future discount on bill purchase - CIT(A) has taken an unexceptionable view in holding that the future discount i.e. the amount of discount pertaining to the period after 31st March, 2000 cannot be charged to tax in this year. - This ground is not allowed..... - AT....