https://www.taxtmi.com/caselaws?id=15720 The High Court held that the commission paid to the selling agent was not subject to disallowance under sections 40A(5) or 40(c) of the Income-tax Act. Relying on established legal precedents, the court emphasized that payments made for valuable rights by directors do not fall within the scope of section 40(c). The court dismissed the appeal by the Department, providing a clear resolution to the controversy and affirming the genuineness and reasonableness of the commission payment in question. en-us Mon, 26 Jul 1999 00:00:00 +0530 Thu, 27 Aug 2009 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15720 The High Court held that the commission paid to the selling agent was not subject to disallowance under sections 40A(5) or 40(c) of the Income-tax Act. Relying on established legal precedents, the court emphasized that payments made for valuable rights by directors do not fall within the scope of section 40(c). The court dismissed the appeal by the Department, providing a clear resolution to the controversy and affirming the genuineness and reasonableness of the commission payment in question. Case-Laws Income Tax Mon, 26 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15720