TMI Blog2015 (10) TMI 903X X X X Extracts X X X X X X X X Extracts X X X X ..... nt of discounts/expenses, applying the principle of law laid down in this regard, dropped substantial amount of demand after re-determining the assessable value of the goods sold from the depots. However, we are constrained to note that the Ld. Commissioner (Appeals) while accepting the Revenue's appeal and setting aside the order-in-original, failed to record any reason in support of his conclusi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 000, the applicant had cleared their finished goods to their depots and from there it was sold after allowing various discounts from the selling price to the customers. He submits that the discounts that were passed on from the depot price to the customers, include quantity discount/ contract discount, turn over discount, special discount etc.. These discounts were initially not allowed to be dedu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ply allowed the Appeal, without discussing any of the issues on which the demand was dropped by the adjudicating authority. He submits that during the course of adjudication, they have deposited an amount of ₹ 2,53,076/- and prays that the matter may be remanded to the Ld. Commissioner (Appeal) for consideration afresh. 3. The Ld. A.R. for the Revenue has fairly accepted that the Ld. Comm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vo adjudication on the basis of evidences on record. Consequently, after discussing in detail each and every element of discounts/expenses, applying the principle of law laid down in this regard, dropped substantial amount of demand after re-determining the assessable value of the goods sold from the depots. However, we are constrained to note that the Ld. Commissioner (Appeals) while accepting th ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
