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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Trade discount in Cash - sale of tractors to farmers - onus to ...


Court Disallows Tractor Sale Discount Claim Due to Cash Payment; Authenticity of Discount in Question.

March 27, 2015

Case Laws     Income Tax     AT

Trade discount in Cash - sale of tractors to farmers - onus to prove genuineness of discount - When the tractors were sold to the customers, they had already had bank accounts then why the appellant did not pay them in cheques the discount instead of paying in cash - Claim disallowed - AT

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