Jammu and Kashmir High Court Rules in Favour of MRF Ltd. Regarding Deduction of Discount From Taxable Turnover
Excerpt The present appeal was preferred by the Petitioner, MRF Ltd., against the assessment orders disallowing exclusion of discount from their turnover of sales. Initially, the appeal was rejected, both by the Deputy Commissioner of Sales Tax (Appeals) and the Jammu and Kashmir Sales Tax (Appellate Tribunal), Jammu. However, the