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Acit, Tirunelveli vs M/S. Rm. K.V. Associates, Tirunelveli on 26 July, 2017 cites

M/S. Rotork Controla India (P) Ltd vs Commnr. Of Income Tax, Chennai on 12 May, 2009

22. We have heard both the parties and perused the material on record. The ld.A.R strongly placed reliance on the judgements of Supreme Court in the case of ROTORK CONTROLS INDIA P. LTD Vs. CIT reported in [2009] 314 ITR 62 (SC) and in the case of Bharat Earth Movers Vs. CIT in [2000] 245 ITR 428 (SC). In the present case, the assessee being a retailer in textile goods, floated scheme of giving 1% discount, which makes a purchase of `100/- and above, he is eligible for discount of 1% in the next purchase. The floated scheme is as follows:-
Supreme Court of India Cites 20 - Cited by 431 - S H Kapadia - Full Document
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