TMI Blog2015 (10) TMI 1945X X X X Extracts X X X X X X X X Extracts X X X X ..... imbursed to the customer cannot be appreciated inasmuch as there is no question of reimbursement of interest to the customer. In any case, Tribunal having allowed the said deduction and the Revenue having not challenged the earlier order of the Tribunal before higher authority is debarred from taking the said ground now. - issue relates to bona fide interpretation of law. Merely because the asses ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... essee is entitled to deductions on account of turnover discount and interest on receivables. However, by observing that the lower authorities have taken the sale value as the assessable value on account of which the computation of duty has gone wrong, the matter was remanded to Commissioner (Appeals) to examine the quantification of the assessable value and the resultant confirmation of duty afres ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e is also aggrieved by the fact that Commissioner (Appeals) has set aside the penalty in totality whereas one of the deductions has been held inadmissible to them. 5. We find that interest on receivable already stands accepted by the Tribunal as an admissible deduction. The Revenue s contention that such interest was not actually reimbursed to the customer cannot be appreciated inasmuch as ther ..... X X X X Extracts X X X X X X X X Extracts X X X X
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