S.C : Karnataka VAT – Where assessee allowed quarterly discount to its dealers on basis of sales turnover generated in every quarter of financial year and gave it to dealers in sales invoices raised in subsequent quarter, in computing taxable turnover, assessee would be entitled to deduction of trade discount

Supreme Court Of India Maya Appliances (P.) Ltd. Vs. Additional Commissioner Of Commercial Taxes Section : 15 Dipak Misra, Cj. M. Khanwilkar And  Dr. D. Y. Chandrachud, Jj. Civil Appeal Nos. 357-367 Of 2018 February  6, 2018 JUDGMENT Dr D Y Chandrachud, J. – The appellant manufactures home appliances such as mixer grinders, wet grinders and…

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