https://www.taxtmi.com/caselaws?id=15548 The High Court of MADRAS ruled in favor of the Revenue, holding that the commission paid to the local agent of foreign buyers by the leather dealer did not qualify for weighted deduction under section 35B of the Income Tax Act. The court emphasized the distinction between commission for facilitating sales and commission for acquiring market information, stating that the agent's services did not meet the criteria for obtaining market-related insights necessary for the deduction. The decision highlighted the significance of differentiating between sales facilitation and market information acquisition in determining eligibility for tax deductions. en-us Tue, 25 Aug 1998 00:00:00 +0530 Tue, 25 Aug 2009 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15548 The High Court of MADRAS ruled in favor of the Revenue, holding that the commission paid to the local agent of foreign buyers by the leather dealer did not qualify for weighted deduction under section 35B of the Income Tax Act. The court emphasized the distinction between commission for facilitating sales and commission for acquiring market information, stating that the agent's services did not meet the criteria for obtaining market-related insights necessary for the deduction. The decision highlighted the significance of differentiating between sales facilitation and market information acquisition in determining eligibility for tax deductions. Case-Laws Income Tax Tue, 25 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15548