https://www.taxtmi.com/caselaws?id=69762 The Tribunal upheld deductions for commission paid to the State Trading Corporation and local agents of foreign buyers but disallowed deductions for interest payments to bankers and trade discounts given to foreign buyers under s. 35-B of the Income Tax Act. The Tribunal emphasized the nature of services provided by the entities and the specific provisions governing deductions under s. 35-B. en-us Fri, 22 Feb 1980 00:00:00 +0530 Tue, 12 Apr 2011 10:12:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69762 The Tribunal upheld deductions for commission paid to the State Trading Corporation and local agents of foreign buyers but disallowed deductions for interest payments to bankers and trade discounts given to foreign buyers under s. 35-B of the Income Tax Act. The Tribunal emphasized the nature of services provided by the entities and the specific provisions governing deductions under s. 35-B. Case-Laws Income Tax Fri, 22 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69762