https://www.taxtmi.com/caselaws?id=27979 Genuine commission paid to foreign agents under an RBI-approved agency agreement qualified for weighted deduction under section 35B(1)(b) of the Income-tax Act, 1961. The agents were contractually obliged to use their best endeavours to secure business, maintain showrooms and publicise the assessee's products in their territory, bringing the expenditure within the scope of export-market development and publicity-related clauses. The payment was therefore treated as eligible business-development expenditure, and the issue was decided in favour of the assessee. en-us Tue, 07 Feb 1984 00:00:00 +0530 Wed, 17 Feb 2010 12:00:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27979 Genuine commission paid to foreign agents under an RBI-approved agency agreement qualified for weighted deduction under section 35B(1)(b) of the Income-tax Act, 1961. The agents were contractually obliged to use their best endeavours to secure business, maintain showrooms and publicise the assessee's products in their territory, bringing the expenditure within the scope of export-market development and publicity-related clauses. The payment was therefore treated as eligible business-development expenditure, and the issue was decided in favour of the assessee. Case-Laws Income Tax Tue, 07 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27979