https://www.taxtmi.com/caselaws?id=21864 The High Court of Bombay ruled in a case concerning the interpretation of section 104 of the Income-tax Act, 1961. The court held that a secret commission, though disallowed as an expenditure, should be deducted to determine distributable income under section 104. The court emphasized the need to prove the non-business nature of expenditures to disallow their deduction. Relying on established legal principles, the court affirmed the deductibility of the secret commission and excess dividend distribution, deeming the order made under section 104 as valid. en-us Tue, 30 Apr 1991 00:00:00 +0530 Wed, 02 Dec 2009 16:19:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21864 The High Court of Bombay ruled in a case concerning the interpretation of section 104 of the Income-tax Act, 1961. The court held that a secret commission, though disallowed as an expenditure, should be deducted to determine distributable income under section 104. The court emphasized the need to prove the non-business nature of expenditures to disallow their deduction. Relying on established legal principles, the court affirmed the deductibility of the secret commission and excess dividend distribution, deeming the order made under section 104 as valid. Case-Laws Income Tax Tue, 30 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21864