The Madras High Court has quashed an order by the Income-tax department where it has demanded tax on trade discounts received by dealers in the sale of Motor Car. The petitioner Kun Motor Company Pvt. Ltd. is a dealer in both new and used cars based in Chennai. In respect of Assessment Year 2009-10, the […]
The post Madras HC quashes demand of Tax from Motor Car Dealers on Trade Discount [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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