https://www.taxtmi.com/caselaws?id=10285 The High Court upheld the Tribunal's decision to allow the deduction of expenses incurred by the assessee for duty draw-back, noting the necessity and commercial expediency of engaging a commission agent. The court emphasized that Assessing Officers lack expertise to judge such commercial decisions and disallowing genuine expenditures on grounds of excessiveness is not warranted. The dismissal of the appeal affirmed the allowance of the deduction for the expenses in question for the assessment year 1986-87. en-us Wed, 11 Aug 2004 00:00:00 +0530 Mon, 13 Jul 2009 10:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10285 The High Court upheld the Tribunal's decision to allow the deduction of expenses incurred by the assessee for duty draw-back, noting the necessity and commercial expediency of engaging a commission agent. The court emphasized that Assessing Officers lack expertise to judge such commercial decisions and disallowing genuine expenditures on grounds of excessiveness is not warranted. The dismissal of the appeal affirmed the allowance of the deduction for the expenses in question for the assessment year 1986-87. Case-Laws Income Tax Wed, 11 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10285