2014 (7) TMI 930

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....ring the following substantial questions of law: "Whether the order passed by the Board in holding that discount allowed to retailers as per ordinary trade practice of the appellant by way of credit notes as not deductible from sale price is perverse in law and on facts and contrary to the decision of the Supreme Court in IFB Industries Ltd. v. State of Kerala [2012] 49 VST 1 (SC); [2012] 20 STJ ....

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....eing an admitted position even without there being disclosure in the voucher and bills the same are permissible. Even though various grounds are raised in this VAT appeal, the question stands decided by the Supreme Court in the case of IFB Industries Ltd. v. State of Kerala [2012] 49 VST 1 (SC); [2012] 20 STJ 285. It has been held by the honourable Supreme Court in the aforesaid case that discoun....