https://www.taxtmi.com/caselaws?id=10055 Commission paid to a sole selling agent is deductible where the agency arrangement and payments are genuine, services were actually rendered, and the expenditure has a business nexus; commercial necessity is not the sole test. Interest paid for delayed remittance of provident fund contributions is also deductible as business expenditure when it is interest on delayed payment rather than penal damages. Both the commission expenditure and the interest on delayed provident fund contributions were treated as allowable deductions, with the referred questions resolved against the Revenue. en-us Tue, 03 Aug 2004 00:00:00 +0530 Mon, 06 Jul 2009 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10055 Commission paid to a sole selling agent is deductible where the agency arrangement and payments are genuine, services were actually rendered, and the expenditure has a business nexus; commercial necessity is not the sole test. Interest paid for delayed remittance of provident fund contributions is also deductible as business expenditure when it is interest on delayed payment rather than penal damages. Both the commission expenditure and the interest on delayed provident fund contributions were treated as allowable deductions, with the referred questions resolved against the Revenue. Case-Laws Income Tax Tue, 03 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10055