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of <h1>Appellate Tribunal Allows Claim: 40% Commission Receipts as Expenditure</h1> <h3>MV VERGHESE. Versus SECOND INCOME TAX OFFICER.</h3> MV VERGHESE. Versus SECOND INCOME TAX OFFICER. - TTJ 017, 331, The appellate tribunal allowed the appeal of the Development Officer of LIC, stating that 40% of commission receipts should be allowed as expenditure. The officer's claim was rejected by the ITO and AAC initially.
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