https://www.taxtmi.com/caselaws?id=17122 The High Court of Madras ruled that the commission paid to local agents of foreign buyers by an exporting firm for hides and skins qualifies for weighted deduction under section 35B of the Income-tax Act, 1961. The court rejected the Department's argument of outright sale, emphasizing the services provided by the agents in facilitating exports. Citing relevant precedents, the court concluded that the commission payment met the criteria for deduction under specific clauses of section 35B, ruling in favor of the assessee and awarding no costs to the Department. en-us Tue, 13 Aug 1996 00:00:00 +0530 Tue, 15 Sep 2009 13:10:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17122 The High Court of Madras ruled that the commission paid to local agents of foreign buyers by an exporting firm for hides and skins qualifies for weighted deduction under section 35B of the Income-tax Act, 1961. The court rejected the Department's argument of outright sale, emphasizing the services provided by the agents in facilitating exports. Citing relevant precedents, the court concluded that the commission payment met the criteria for deduction under specific clauses of section 35B, ruling in favor of the assessee and awarding no costs to the Department. Case-Laws Income Tax Tue, 13 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17122