https://www.taxtmi.com/caselaws?id=252530 The High Court ruled in favor of the assessee, allowing the deduction claimed for commission paid to a foreign agent for promoting exports under section 35B of the Income Tax Act, 1961. The Court found that the activities of the foreign agent in negotiating and concluding export contracts fell within the scope of the provision. This decision was based on the specific terms of the agreement with the agent and previous case law supporting similar deductions. The judgment was in favor of the assessee, with no costs awarded. en-us Wed, 03 Sep 2014 00:00:00 +0530 Tue, 28 Oct 2014 07:33:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252530 The High Court ruled in favor of the assessee, allowing the deduction claimed for commission paid to a foreign agent for promoting exports under section 35B of the Income Tax Act, 1961. The Court found that the activities of the foreign agent in negotiating and concluding export contracts fell within the scope of the provision. This decision was based on the specific terms of the agreement with the agent and previous case law supporting similar deductions. The judgment was in favor of the assessee, with no costs awarded. Case-Laws Income Tax Wed, 03 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252530