https://www.taxtmi.com/caselaws?id=261335 The High Court upheld the Tribunal's decision, ruling in favor of the respondent assessee, concluding that the commission payments for liaisoning work were legitimate business expenses and not illegal expenditures. The Court emphasized that for an expense to be disallowed under Section 37 of the Income Tax Act, it must be prohibited by law, which was not the case here. Therefore, the appeal was dismissed with no order as to costs. en-us Mon, 22 Jun 2015 00:00:00 +0530 Thu, 09 Jul 2015 06:44:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261335 The High Court upheld the Tribunal's decision, ruling in favor of the respondent assessee, concluding that the commission payments for liaisoning work were legitimate business expenses and not illegal expenditures. The Court emphasized that for an expense to be disallowed under Section 37 of the Income Tax Act, it must be prohibited by law, which was not the case here. Therefore, the appeal was dismissed with no order as to costs. Case-Laws Income Tax Mon, 22 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261335