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Income Tax - Highlights / Catch Notes

Home Highlights May 2020 Year 2020 This

Discount to the customer - disproportionately higher percentage ...


Appellate Authority Rules AO Wrong to Disallow Claims on Discounts and Rebates Due to Percentage Variations.

May 11, 2020

Case Laws     Income Tax     HC

Discount to the customer - disproportionately higher percentage - merely because there was variations in the previous and subsequent year with regard to the discount and rebates, AO should not have disallowed the claim of the appellant with regard to the discount and rebates and profits.

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