https://www.taxtmi.com/caselaws?id=26574 The High Court held in favor of the assessee, affirming their entitlement to the weighted deduction under section 35B of the Income-tax Act, 1961 for the payment made to a foreign agent for business promotion. The Court found that the payment was in the nature of commission to an agent, not a trade discount to a buyer. As the Revenue did not contest the payment itself but focused on the nature and recipient, and since the Tribunal's findings were based on disclosed facts, the Court ruled in favor of the assessee without the need for further inquiry. en-us Thu, 26 Sep 1985 00:00:00 +0530 Sat, 06 Feb 2010 11:18:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26574 The High Court held in favor of the assessee, affirming their entitlement to the weighted deduction under section 35B of the Income-tax Act, 1961 for the payment made to a foreign agent for business promotion. The Court found that the payment was in the nature of commission to an agent, not a trade discount to a buyer. As the Revenue did not contest the payment itself but focused on the nature and recipient, and since the Tribunal's findings were based on disclosed facts, the Court ruled in favor of the assessee without the need for further inquiry. Case-Laws Income Tax Thu, 26 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26574