Payment Made to Dealers for Sale of Fertilizers are in Nature of Rebates, No TDS: ITAT [Read Order]

Payment made to dealers - Sale of Fertilizers - Rebates - TDS - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT) Chennai Bench recently held that the payment made to dealers for sale of fertilizers are in the nature of rebates.Hence,no Tax Deduction at Source should be deducted from assessee. The assessee Greenstar Fertilizers Limited, engaged in manufacturing and selling of fertilizers in India. The assessee sold fertilizers through a…

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