https://www.taxtmi.com/caselaws?id=19246 HC held that compensation paid to erstwhile sole selling agents for loss of agency was deductible under section 37, not hit by disallowance under section 40(c) or 40A(5). The court applied established tests for business expenditure-excluding capital or personal outlays and requiring expenditure be wholly and exclusively for business-and confirmed such voluntary commercial payments, even if not strictly necessary, qualify as deductible. Tribunal findings of fact supporting the payment were undisputed, and decision answered in favour of the assessee. en-us Fri, 25 Nov 1994 00:00:00 +0530 Thu, 16 Oct 2025 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19246 HC held that compensation paid to erstwhile sole selling agents for loss of agency was deductible under section 37, not hit by disallowance under section 40(c) or 40A(5). The court applied established tests for business expenditure-excluding capital or personal outlays and requiring expenditure be wholly and exclusively for business-and confirmed such voluntary commercial payments, even if not strictly necessary, qualify as deductible. Tribunal findings of fact supporting the payment were undisputed, and decision answered in favour of the assessee. Case-Laws Income Tax Fri, 25 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19246