1987 (2) TMI 479

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..... ision 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 the Rajasthan Sales Tax Rules, 1955?" The assessee, M/s. Tata Oil Mills Ltd., entered into an agreem .....

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..... on (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, must fail since the view taken by the Tribunal, is justified. Explanation (iii) to the definition of "turnov .....

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