COMMNR. OF INCOME TAX, AHMEDABAD . vs AHMEDABAD STAMP VENDORS ASSOCN. — C.A. No. 10270/2003

Case Summary: C.A. No. 010270/2003 The Supreme Court dismissed the Income Tax Department's appeal against Ahmedabad Stamp Vendors Association on September 6, 2012. The Court held that the 0.50% to 4% discount given to licensed stamp vendors for bulk purchases constitutes a cash discount, making the transaction a sale. Consequently, Section 194H of the Income Tax Act, 1961, has no application. The appeal was dismissed with no order as to costs. This case analysis is maintained by casestatus.in based on publicly available court records.