https://www.taxtmi.com/caselaws?id=71078 The Tribunal dismissed the departmental appeal, upholding the CIT(A) decision regarding the disallowance of commission paid by the respondent firm to the selling agency firm. They found the expenditure to be reasonable and essential for business operations, noting benefits such as lower interest rates, reduced expenses, and increased gross profit. The Tribunal concluded that the commission was justified and allowable as business expenditure, emphasizing that the disallowances made by the ITO were not valid based on the terms of the agency agreement. en-us Tue, 08 Mar 1983 00:00:00 +0530 Thu, 21 Apr 2011 12:02:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71078 The Tribunal dismissed the departmental appeal, upholding the CIT(A) decision regarding the disallowance of commission paid by the respondent firm to the selling agency firm. They found the expenditure to be reasonable and essential for business operations, noting benefits such as lower interest rates, reduced expenses, and increased gross profit. The Tribunal concluded that the commission was justified and allowable as business expenditure, emphasizing that the disallowances made by the ITO were not valid based on the terms of the agency agreement. Case-Laws Income Tax Tue, 08 Mar 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71078