https://www.taxtmi.com/caselaws?id=187065 The High Court upheld the decision of the Tribunal and CIT(A) that the commission paid to individuals by the assessee for the assessment year 1987-88 was a genuine business expenditure. The Court found no evidence to suggest that the Tribunal's findings were flawed, concluding that the commission paid to established persons in the export trade was legitimate and not related to the assessee-firm's partners. Therefore, the Court ruled in favor of the assessee, determining that the commission was deductible as a valid business expense. en-us Tue, 05 Sep 2006 00:00:00 +0530 Fri, 07 Oct 2016 17:48:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187065 The High Court upheld the decision of the Tribunal and CIT(A) that the commission paid to individuals by the assessee for the assessment year 1987-88 was a genuine business expenditure. The Court found no evidence to suggest that the Tribunal's findings were flawed, concluding that the commission paid to established persons in the export trade was legitimate and not related to the assessee-firm's partners. Therefore, the Court ruled in favor of the assessee, determining that the commission was deductible as a valid business expense. Case-Laws Income Tax Tue, 05 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187065