https://www.taxtmi.com/caselaws?id=71499 The Tribunal upheld the CIT(A)'s decision, dismissing the appeal and disallowing the entire del credere commission payment to M/s Antler Corporation. The Tribunal concurred that the agency arrangement was a sham transaction, and the commission payment was deemed unreasonable and lacking genuine business necessity. Consequently, the payment was not justified as a legitimate business expenditure under sections 37 and 40A(2) of the Income-tax Act. en-us Fri, 10 Mar 1995 00:00:00 +0530 Mon, 25 Apr 2011 12:59:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71499 The Tribunal upheld the CIT(A)'s decision, dismissing the appeal and disallowing the entire del credere commission payment to M/s Antler Corporation. The Tribunal concurred that the agency arrangement was a sham transaction, and the commission payment was deemed unreasonable and lacking genuine business necessity. Consequently, the payment was not justified as a legitimate business expenditure under sections 37 and 40A(2) of the Income-tax Act. Case-Laws Income Tax Fri, 10 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71499