TMI Blog1991 (9) TMI 321X X X X Extracts X X X X X X X X Extracts X X X X ..... gust 31, 1987. The opposite-party assessee is the Indian Farmers Fertilizers Co-operative Ltd., Lucknow, and the assessment years concerned are 1976-77, 1977-78 and 1978-79. The assessee is a dealer in chemical fertilizers. It was selling fertilizers to Provincial Co-operative Federation and Cane Union. On such sales, it was allowing a discount of Rs. 20 per metric ton on sale of urea and Rs. 25 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r as relevant, the definition reads thus: "(i) 'turnover' means the aggregate amount for which goods are supplied or distributed by way of sale or are sold, by a dealer, either directly or through another, on his account or on account of others, whether for cash or deferred payment or other valuable consideration;" Clause (ii) of explanation 11 to section 2 expressly provides that "any cash or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in the amount deducted are issued in the name of the purchaser. It is ultimately reflected in the price only. In such a situation, I see no reason why the benefit of clause (ii) of explanation II to section 2(i) of the Act should not be allowed to the assessee. The revision accordingly fails and is dismissed. No costs. This order shall also govern Sales Tax Revision Nos. 6 of 1988 and 8 of 1988 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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