2014 (6) TMI 874

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....has preferred these revision petitions challenging the order dated 16-06-2011 passed by the Karnataka Appellate Tribunal, Bangalore (hereinafter referred to as 'the Tribunal' for short) made in STA Nos. 532 to 586 of 2007, whereby the Tribunal has allowed the appeals and set aside the order passed by the authorities below insofar as disallowing discount for the tax periods from April 2006 ....

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.... that it had issued credit notes at the end of the month. Being aggrieved by the said assessment order, the assessee filed 7 appeals before the Joint Commissioner of Commercial Taxes (Appeals) DVO-I & III, Bangalore ( hereinafter referred to as 'the First Appellate Authority' for short) which came to be dismissed. Being aggrieved by the said order, the assessee preferred second appeal befo....

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....er and the tax is payable on taxable turnover. To arrive at the taxable turnover what are the deductions that are legitimately be made ii provided under Rule 3(2) of the Rules. One such permissible deduction is that the amount paid by way of discount provided that the discount is reflected in the sale invoice. Accordingly, by issuing a credit note after receiving the amounts, of course, before fil....