https://www.taxtmi.com/caselaws?id=8464 The court allowed the deduction of the commission paid to S. R. Dhodi, finding it incurred for the business's purposes and thus deductible under Section 37 of the Income-tax Act, 1961. It held that Section 67(3) was not exhaustive and should be harmoniously construed with Section 37 to permit such deductions. The court referred to precedents supporting this interpretation and directed parties to bear their own costs. en-us Fri, 20 Aug 1971 00:00:00 +0530 Sun, 26 Apr 2009 22:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8464 The court allowed the deduction of the commission paid to S. R. Dhodi, finding it incurred for the business's purposes and thus deductible under Section 37 of the Income-tax Act, 1961. It held that Section 67(3) was not exhaustive and should be harmoniously construed with Section 37 to permit such deductions. The court referred to precedents supporting this interpretation and directed parties to bear their own costs. Case-Laws Income Tax Fri, 20 Aug 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8464