https://www.taxtmi.com/caselaws?id=10055 Commission paid to a sole selling agent is treated as allowable business expenditure where the arrangement is genuine, the agreement and payments are accepted, services are actually rendered, and the expenditure is shown to have a business nexus; commercial necessity is not the sole test. Interest paid on delayed contribution to a provident fund trust is also treated as deductible business expenditure, and is not equated with penal damages. The note states that both deductions were accepted on the basis of established genuineness, actual service, and business purpose. 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 treated as allowable business expenditure where the arrangement is genuine, the agreement and payments are accepted, services are actually rendered, and the expenditure is shown to have a business nexus; commercial necessity is not the sole test. Interest paid on delayed contribution to a provident fund trust is also treated as deductible business expenditure, and is not equated with penal damages. The note states that both deductions were accepted on the basis of established genuineness, actual service, and business purpose. Case-Laws Income Tax Tue, 03 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10055