nature of
target based incentives/discounts as well as non-target based
incentives/discounts or other discounts etc. It was also felt that the amounts ... trade discounts, both target based and other discounts, are primarily in
(5)
ST/30149/2020
connection with sale of goods and the amounts received from
directing that the sale value of scrap discount
received against raw materials, interest income earned by
the assessee from the clients and sale consideration ... directing that the sale value of scrap discount received against
raw materials, interest income earned by the assessee from
the clients and sale consideration
erred in not considering the insurance income,
discount received from suppliers towards early payment of bills,
and commission received towards car finance referrals ... operating margin by treating royalty
income, VAT, incentive, commission/discount received and
insurance claim as non-operating revenue. The ld.TPO had
also treated forex
Dcit, New Delhi vs M/S. Paramount Communication Pvt. ... on 15 June, 2021
IN THE
80IB of the Act was also taken on the discount received (kasar-
vatav) at Rs.1,13,499/-. Ld. Assessing Officer also observed that ... correct
one coming to Rs. 2,99,153/-. The assessee received discounts from its
suppliers on purchases of raw materials and consumables. The Assessing
Officer
part of operating income while computing
the PLI i.e., (a) Discount received of Rs. 14,41,756; and (b) Amount written
back ... reasons that the TPO has considered the
Discount received and Amount written back as non-operating income and
reduced it from the total income while
appellant had not discharged service tax on
the incentives/discounts received by them. So also they did not discharge
service tax under GTA services, under ... plus discount. The discount is not a regular one: if is
based on the case to case basis. And also the discount received from
airline
80IA:
1) Exchange Gain Rs.40,33,509/-
2) Cash discount Rs.05,04,556/-
3) Misc. Income ... fact that the AO's action to exclude the
export benefits receivable amounting to Rs.3,95,05,367/-, interest
income
Mumbai) and held that
"the discounts received on procurement of vehicles from
the manufacturer are not liable to tax as business
auxiliary services ... principal to principal
basis. Only because some incentives/discounts are
received by the appellant under various schemes of the
manufacturer cannot lead to the conclusion
allowing the claim of deduction in respect of discount received from the bank on certificate of deposit.
3. The facts of the issue are that ... certificate of deposits. It is contended before the AO that the discount received from the bank on certificate of deposits is outside the scope
