Teja Singh Vs. Mohinder Singh and ors. - Court Judgment

Excerpt:
.....by the excise authorities. its writ petitions were, however, allowed by the high court. in appeals by the union of india for setting aside the high court judgment it was contended for the respondent: (a) that the tac/ warranty discount, which was sought to be deducted for determining the assessable value, satisfied all the criteria of a trade discount stipulated in the clarifi- catory order; (b) that the claim for deduction of product discounts--prompt payment discount, year-ending discount and campaign discount--was justified on the same reasoning; (c) that the interest on finished goods from the date the stocks were cleared till the date of sale was a proper deduction for determination of the assessable value; (d) that the claim for deduction of interest on receivables (sundry.....arijit pasayat, j.1. this appeal is connected with criminal appeal no. 1365 of 2002 which has been disposed of by us today by a separate judgment. the present appeal is by the complainant and the order passed in criminal appeal no. 1365 of 2002 shall operate so far as the present appeal is concerned. the appeal is disposed of accordingly.