https://www.taxtmi.com/caselaws?id=6360 Deduction under section 37 concerned the deductibility of selling agency commission where factual questions of firm existence and transport arrangements arose; the determination of whether an expenditure was laid out wholly and exclusively for business depends on facts and circumstances, not merely on existence of an agreement or payment, and the tax authority may assess evidentiary factors to decide deductibility. Discrepancies between a partnership deed and a selling-agency agreement justified treating the firm as coming into existence per the partnership deed, and the tribunals factual findings and refusal to state a case for the High Court were sustained. en-us Wed, 13 Sep 1972 00:00:00 +0530 Thu, 15 Jan 2026 12:21:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6360 Deduction under section 37 concerned the deductibility of selling agency commission where factual questions of firm existence and transport arrangements arose; the determination of whether an expenditure was laid out wholly and exclusively for business depends on facts and circumstances, not merely on existence of an agreement or payment, and the tax authority may assess evidentiary factors to decide deductibility. Discrepancies between a partnership deed and a selling-agency agreement justified treating the firm as coming into existence per the partnership deed, and the tribunals factual findings and refusal to state a case for the High Court were sustained. Case-Laws Income Tax Wed, 13 Sep 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6360