TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 35B Clarification: Commission Payments to Agents Not Eligible for Weighted Deductions per Madras High Court Decision.</h1> The circular addresses the application of weighted deductions under Section 35B of the Income Tax Act, referencing a Madras High Court decision in the case of CIT v. Southern Seafood Ltd. It clarifies that commission payments to agents for procuring orders do not qualify for weighted deductions under certain sub-clauses of Section 35B(1)(b). The Board instructs that this court decision must be considered when assessing claims for such deductions, ensuring compliance with the statutory conditions. Officers are advised to disseminate this clarification within their departments.
TaxTMI 
TaxTMI 
