2017 (1) TMI 1694

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..... value - HELD THAT:- It is a clear fact on record as stated by the respondent and also verifiable to the extent that the retail outlets belongs to the respondents, which had made sale of the petroleum products cleared by M/s. Indian Oil Corporation. There being no presumption in tax, the presumptive taxation by Revenue on the ground that there was charge commission from the dealer is unwarranted. .....

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..... ct of the goods cleared to the retail outlet, which in reality is not so. 2. Revenue on the other hand says that the dealer commission was charged by M/s. Indian Oil Corporation to the dealers which is not included in the assessable value of the cleared petroleum products. 3. Heard both sides and perused the records. 4. It is a clear fact on record as stated by the respondent an .....

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