https://www.taxtmi.com/caselaws?id=262553 The court held that the appeals filed by the Revenue were maintainable as Instruction No.5/2014 did not apply retroactively to appeals filed before its issuance. Regarding the deductibility of commission paid to agents for selling liquor to the Kerala State Beverages Corporation, the court found merit in the Revenue's argument that such payments could be deemed corrupt due to KSBC's monopoly. The court set aside previous orders and remitted the matters to the Assessing Officer for reconsideration, emphasizing the need for critical examination of the commission payments. en-us Thu, 30 Jul 2015 00:00:00 +0530 Tue, 08 Mar 2016 15:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262553 The court held that the appeals filed by the Revenue were maintainable as Instruction No.5/2014 did not apply retroactively to appeals filed before its issuance. Regarding the deductibility of commission paid to agents for selling liquor to the Kerala State Beverages Corporation, the court found merit in the Revenue's argument that such payments could be deemed corrupt due to KSBC's monopoly. The court set aside previous orders and remitted the matters to the Assessing Officer for reconsideration, emphasizing the need for critical examination of the commission payments. Case-Laws Income Tax Thu, 30 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262553