https://www.taxtmi.com/caselaws?id=171796 A genuine rebate allowed to partner-customers in the ordinary course of pressing business was treated as a commercial deduction, not as an appropriation of income. Applying the test of expenditure laid out wholly and exclusively for business, the reduction in pressing charges was held to be an allowable deduction under section 10(2)(xv) of the Indian Income-tax Act, 1922. The Court also held that the amounts did not constitute commission within section 10(4)(b), because commission is payment for services, whereas rebate is a remission from the gross charge. The commercial substance of the transaction controlled, and the disputed sums were therefore not barred as partner payments. en-us Mon, 04 Apr 1960 00:00:00 +0530 Mon, 03 Aug 2015 14:26:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171796 A genuine rebate allowed to partner-customers in the ordinary course of pressing business was treated as a commercial deduction, not as an appropriation of income. Applying the test of expenditure laid out wholly and exclusively for business, the reduction in pressing charges was held to be an allowable deduction under section 10(2)(xv) of the Indian Income-tax Act, 1922. The Court also held that the amounts did not constitute commission within section 10(4)(b), because commission is payment for services, whereas rebate is a remission from the gross charge. The commercial substance of the transaction controlled, and the disputed sums were therefore not barred as partner payments. Case-Laws Income Tax Mon, 04 Apr 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171796