https://www.taxtmi.com/caselaws?id=188759 The Bombay HC upheld the Tribunal's decision on commission expenses for an agent of Life Insurance Corporation of India, allowing a 50% deduction for commissions below Rs. 60,000. The revenue's application under section 256(2) was dismissed, with costs awarded against them. en-us Tue, 23 Nov 1993 00:00:00 +0530 Thu, 15 Dec 2016 13:15:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188759 The Bombay HC upheld the Tribunal's decision on commission expenses for an agent of Life Insurance Corporation of India, allowing a 50% deduction for commissions below Rs. 60,000. The revenue's application under section 256(2) was dismissed, with costs awarded against them. Case-Laws Income Tax Tue, 23 Nov 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188759