https://www.taxtmi.com/caselaws?id=799780 Fixed "refurbish and rebate" credits issued to distributors at a uniform percentage, without any obligation to repair defective products or linkage to actual repair costs, are trade rebates rather than consideration for contractual work or professional services. They therefore do not attract tax-deduction obligations or consequential disallowance for non-deduction. The deductibility of employees' contributions depends on verification through challans and supporting records that remittances were made by the prescribed statutory due dates; timely deposits must be allowed in accordance with law. en-us Wed, 16 Sep 2026 00:00:00 +0530 Sat, 26 Sep 2026 08:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799780 Fixed "refurbish and rebate" credits issued to distributors at a uniform percentage, without any obligation to repair defective products or linkage to actual repair costs, are trade rebates rather than consideration for contractual work or professional services. They therefore do not attract tax-deduction obligations or consequential disallowance for non-deduction. The deductibility of employees' contributions depends on verification through challans and supporting records that remittances were made by the prescribed statutory due dates; timely deposits must be allowed in accordance with law. Case-Laws Income Tax Wed, 16 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799780