https://www.taxtmi.com/caselaws?id=169463 Retrospective amendment excluding property taxes from "annual charge" was upheld because the classification between finally decided Supreme Court cases and other cases had a rational basis and was not discriminatory. Commission paid to carton-business employees was treated as deductible business expenditure where affidavits and business conditions showed expanded work and commercial expediency. Commission accrual was held to arise when the contracts were completed, so the amount was deductible in the relevant previous year under the mercantile system. By contrast, the book depot and ice factory commission claims failed because the Tribunal found the payments were not genuine, and those factual findings sustained the disallowances. en-us Thu, 01 Feb 1962 00:00:00 +0530 Tue, 21 Apr 2015 14:34:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169463 Retrospective amendment excluding property taxes from "annual charge" was upheld because the classification between finally decided Supreme Court cases and other cases had a rational basis and was not discriminatory. Commission paid to carton-business employees was treated as deductible business expenditure where affidavits and business conditions showed expanded work and commercial expediency. Commission accrual was held to arise when the contracts were completed, so the amount was deductible in the relevant previous year under the mercantile system. By contrast, the book depot and ice factory commission claims failed because the Tribunal found the payments were not genuine, and those factual findings sustained the disallowances. Case-Laws Income Tax Thu, 01 Feb 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169463