https://www.taxtmi.com/caselaws?id=21861 The High Court of Kerala ruled in favor of the assessee, a cashew kernel processor and dealer, regarding the entitlement to weighted deduction under section 35B(1)(b)(iv) of the Income-tax Act, 1961 for commission payments made to foreign agents. The court held that the commission paid to foreign agents constituted an expense incurred for maintaining an agency abroad, making the assessee eligible for the deduction. The court emphasized that exclusivity of the agent's actions for the assessee was not a prerequisite for claiming the deduction, and directed the judgment to the Income-tax Appellate Tribunal, Cochin Bench. en-us Mon, 12 Aug 1991 00:00:00 +0530 Wed, 02 Dec 2009 16:08:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21861 The High Court of Kerala ruled in favor of the assessee, a cashew kernel processor and dealer, regarding the entitlement to weighted deduction under section 35B(1)(b)(iv) of the Income-tax Act, 1961 for commission payments made to foreign agents. The court held that the commission paid to foreign agents constituted an expense incurred for maintaining an agency abroad, making the assessee eligible for the deduction. The court emphasized that exclusivity of the agent's actions for the assessee was not a prerequisite for claiming the deduction, and directed the judgment to the Income-tax Appellate Tribunal, Cochin Bench. Case-Laws Income Tax Mon, 12 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21861