https://www.taxtmi.com/caselaws?id=190938 The High Court held in favor of the Revenue regarding the treatment of trading receipts of additional excise duty as revenue receipts, overturning the Tribunal's decision. However, the Court ruled in favor of the assessee concerning the deduction of commission paid to Mettur Beard-shell Pvt. Ltd., considering it as revenue expenditure. Additionally, the Court sided with the Revenue in denying relief under section 35B for commission paid to foreign agents outside India, as it did not meet the conditions for claiming relief under the relevant section. The reference was disposed of with no order as to costs. en-us Tue, 27 Feb 2001 00:00:00 +0530 Fri, 10 Mar 2017 11:26:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190938 The High Court held in favor of the Revenue regarding the treatment of trading receipts of additional excise duty as revenue receipts, overturning the Tribunal's decision. However, the Court ruled in favor of the assessee concerning the deduction of commission paid to Mettur Beard-shell Pvt. Ltd., considering it as revenue expenditure. Additionally, the Court sided with the Revenue in denying relief under section 35B for commission paid to foreign agents outside India, as it did not meet the conditions for claiming relief under the relevant section. The reference was disposed of with no order as to costs. Case-Laws Income Tax Tue, 27 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190938