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13.1. For the sake of convenience, the relevant extract taken from the Assessment Order, which forms, the pivot for imposition of tax on the discount, which has been included in the taxable turnover, is set forth herein below:

 On scrutiny of the Form WW filed for the year 2014-2015, it was ascertained from the Profit and Loss account for the year ended 31st March 2015, that the assessee had sold the goods at a price with a minimum profit which is lesser than the price of the goods purchased by him as detailed below. Opening Stock as per form ww Rs 1096475 Add: Purchases as per others Annex II data Rs 8,55,23,004 Total Rs 8,66,19,479 Less: Closing Stock as per form ww Rs 955148 Net Purchase Rs 8,56,64,331 Sale Value Rs 8,60,68,851 Gross Profit Rs 404520 % of profit or loss Rs