https://www.taxtmi.com/caselaws?id=17662 The High Court ruled in favor of the Revenue, affirming the Tribunal's decision to disallow the deduction claimed by the assessee for discount/commission payment to Agro India. The court found insufficient evidence of services rendered by Agro India, emphasizing the lack of commercial justification for the payment. The court also determined that the agreement between the parties was not genuine and was merely a device to reduce income without actual services being provided. The court held that the increase in business volume alone did not validate the payment without evidence of services, ultimately ruling against the assessee on all issues. en-us Fri, 02 May 1997 00:00:00 +0530 Thu, 24 Sep 2009 10:29:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17662 The High Court ruled in favor of the Revenue, affirming the Tribunal's decision to disallow the deduction claimed by the assessee for discount/commission payment to Agro India. The court found insufficient evidence of services rendered by Agro India, emphasizing the lack of commercial justification for the payment. The court also determined that the agreement between the parties was not genuine and was merely a device to reduce income without actual services being provided. The court held that the increase in business volume alone did not validate the payment without evidence of services, ultimately ruling against the assessee on all issues. Case-Laws Income Tax Fri, 02 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17662