2012 (8) TMI 286

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..... favor of assessee. So far as the bed debt is concerned, that was not a consideration received and non receipt of consideration when becomes bed debt, by its nature that do not enter into tax ambit. Therefore, that shall not be taxed. In so far as cash discount is concerned, no logic is shown to us as to how there was understatement of consideration when the discount amount was not received .....

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..... ecord. 4. Incentive is a receipt for appreciation of performance of services provided. How such forms part of taxable service remained unexplained. We are unable to find how the revenue shall succeed saying that incentive shall be brought to tax when such incentive whether shall be payable was not known to the respondent while providing service. Therefore, the dispute on that count is resolved a .....

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