Indian Kanoon - Search engine for Indian Law

11. We have considered rival submissions. Regarding first aspect of the matter, i.e. reduction of Rs.26,73,037/- paid to customers for shortage claims from export turnover, we find that this issue is covered in favour of the assessee by the Tribunal decision in assessee's own case for A.Y.2003- 2004. In that year, it is held by the Tribunal that the claim of shortage paid by the assessee in fact increases the cost of the export, but it does not decrease the export turnover. Hence, respectfully following the decision of the Tribunal cited supra, we decide this issue in favour of the assessee.