...distributors could make future purchases. The rebate of bonus discount was not allowed as a deduction by the Madras High Court and, in our opinion, rightly so. It was in the nature of an incentive bonus paid to...purchases from the assessee exceeded the target figure agreed to between the parties. The amount of rebate allowed was credited to the customer's account and treated as a reserve from which the..., the sale price of goods is determined by including the amount paid by way of trade discount.2. The assessee is a private limited company carrying on business as sole...

...higher and higher the volume of goods. The rate of discount ascends according to the rise in the volume of purchases. For example, for Delhi City the figures are the following...the discount is given ad hoc on the basis of the previous year's performance and it is adjusted at the end of the year. If the volume of purchases falls to a lesser slab, the dealer has to refund to...discount and (2) additional discount.3. So far as the additional discount is concerned the matters have to go back to the Assistant Commissioner to ascertain the nature and...

...to be there in case of all services or transactions contemplated by Explanation (i) to section 194H. If a car dealer purchases cars from the manufacturer by paying price less discount, be would be...The statement of sale of stamps, etc., popularly known as 'challan' will have to be filled which clarifies the discount available to the stamp vendors on the basis of purchase of stamps and the total...amount paid for it. The stamp vendor has to make the payment of the requisite amount in cash which is the total price of the stamps on their face value less the discount available to the vendor...

...quantity discount is allowed on the basis of customer's off-take in a specified period. The rate of discount and the quantity to be taken are indicated in the scheme. If the purchases during a half-year...sales exceeded certain higher quantities, then the discount was higher. Similarly, if the total purchases by a dealer exceeded Rs. one lakh in a year, 3 per cent discount was allowed and if the...the manufacturer of the goods had what can be called an “incentive” to make further purchases and not a present incentive to make current purchases in larger quantities. That was not also a case of cash discount be...

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...it is a conditional discount offered to a specific individual who orders and purchases the machine and spares together. The order also relies on judgments of the Tribunal in Ruby Chemicals v...goes on to state that even if the order is placed for machine along with the spares, but spares are, for any reason, supplied/delivered at a later date, discount is not available to the buyer and that...[Order per : C.N.B. Nair, Member (T)]. - The appellants were given a discount of 20% on the spare parts purchased by them at the time of purchasing the laminating machine...

...manufacturer by paying price less discount, he would be the purchaser and not the agent of the company, but in the course of selling cars, he may enter into a contract of maintenance during the...the members of the said Association are licensed stamp vendors. We are satisfied that 0.50% to 4% discount given to the stamp vendors is for purchasing the stamps in bulk quantity and the said...discount is in the nature of cash discount.2. In the circumstances, we concur with the impugned judgement (2002) 257...

...eligible for volume discount, which is paid on monetary terms.c. Hence, the company is eligible for Volume Discount on retail i.e. Sales Commission) and on purchases over and above the...target is eligible for Regular Volume Discount (i.e. on purchases). The authorised supplier issues Credit Note and this credit note is not affecting the purchase price or sale price and hence has no...more purchases is eligible for the volume discount on purchases and a credit note is issued by the authorised supplier and no adjustment of price is made in respect of the goods already sold nor any...

...better. The rate of annuity is fluctuating. Such annuity payments are ex-gratia payments, made by the assessee as a kind of reward for making heavy purchases, and are essentially different from trade discounts, which are deducted im...discount and was an admissible deduction from the turnover. The Sales Tax Officer rejected the claim. He held that the annuity was not a discount allowed generally to every customer. It was a...purchasers or agents and could not be termed “any cash or other discount on the price allowed in respect of any sale”. No discount was allowed on any sale. The annuity was granted on the total sales for...

...and unfair trade practice on the part of the opposite party and hence the complaint. 3. According to the opposite party, they offered discount for the purchases for Rs.50/- or more...would contend that they offered discount at the rate of 10% for purchases above Rs.50/- and 12% for the purchases above Rs.300/- and the complainant purchased medicines only for Rs.43/- and hence ...photographs, we find that 10% discount is offered to the purchases exceeding Rs.50/- and 12% discount for the purchases exceeding Rs.300/-. Therefore, the complainant is not entitled to claim any ...

.... 6. It is contended by the learned counsel for the petitioner that since the discount could be availed only against purchases, the complainant ought to have made purchases, in order...to utilise the discount coupons provided to her and since the outlets were closed in July, 2013 after giving due public notice, the said vouchers should have been utilised by July, 2013. We, however...alleged public notice or even allegation of the complainant having been informed that the outlet would be closed in July, 2013 and she having been asked to encash her discount coupon by making...

...whose total value of the purchases from the assessee exceeds the predetermined target figure, five per cent of the net purchase is given as bonus discount and the said five per cent is determined after the close of the agre...purchases totalling a sum of Rs. 25,000 or over in a year. The assessee claimed that the said annuity was a cash discount and, therefore, an allowable deduction from the turnover. The revenue held that...the discount scheme that was effective during the assessment years in question. The scheme itself is called "bonus discount scheme" and the benefit of the scheme is not extended to all the customers...

...raised by the Revenue is relating to deletion of addition made by Assessing Officer on account of purchases and unaccounted discount.3. The brief facts of this case are that while doing the...scrutiny assessment Assessing Officer made an addition of Rs. 39,92,953/- on account of purchases and Rs. 43,66,780/- on account of discount in respect of transactions made with JAPFA Comfeed India...statements of the appellant for the purchases made from JAPPA. In my opinion, the AO had miserably failed to appreciate the simple equation of accounts on gross and net receipts it is seen that JAPFA...

...discount from the assessable value. Adjudicating authority came to the conclusion that it was an established practice in the tyre trade to give a particular discount to buyers whose purchases exceed certain...minimum level and that the fact of grant of discount is known all along to the buyers concerned. It was also held that there is no reason to deny the deduction due to variation in nomenclature since...dealers who sell tubes and flaps not only of Apollo Tyres but also of other manufacturers and are thus not covered under the ATW Scheme. In the price declarations appellant claimed ATW discount at...

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...of discount unlike in the present case and 5% discount on bulk purchases was considered to be reasonable as it was held in the case of Gen. Manager, Central Railways, Bombay (supra). Alternatively he...time with similar percentage of discount. However, taking into consideration that there is no special relationship between the foreign supplier and the party and noting particularly the bulk purchases...-determine the value by allowing 5% discount as against 9.8% for the purpose of assessment and refund the duty amount accordingly.8. The appeal is disposed of in the above terms....

...purchases was reduced from purchases and further addition of the same amount was made to the total income. The AO thus made total addition of Rs. 6,13,028/-.3. The assessee reiterated the same submissions bef...was actually discount allowed on sales and by mistake added to the purchases, no addition can be made as profit remained the same. Not only AO added the sum of Rs. 3,06,514/- but had made double...assessee had added a sum of Rs. 3,06,514/- to the purchases on account of discount/rate difference. The AO therefore asked the assessee to explain as to why addition should not be made on this account. The...

...different rates of discount depending on the value of purchases and 15% and 10% was given only on that basis. Appellant also denied relationship between the two concerns as alleged in the show cause notice...done.4. Price lists themselves show that the appellant had declared different rates depending on the value of purchases made by the buyers. 15% was payable as discount in...regard to transactions above the value of Rs. 30,000/-. It was on this basis that the higher discount was granted to USA. The department had no case even though the value of purchases by USA was much...

...Court allowed discount given to the dealer depending upon the volume of the purchases made by each half year on the ground that this was a discount which is known and understood at the time of removal...and dress material. This has been denied on the ground that it is an incentive and not a discount, and that it is not quantified when the goods are sold. This incentive appears to us to be nothing...other than annual turnover discount considered by the Supreme Court in its judgment in Government of India v. Madras Rubber Factory Ltd. - . In paragraphs 55 to 58 of its judgment, the...