https://www.taxtmi.com/caselaws?id=29218 The High Court dismissed the application, upholding the revenue authorities' decision to disallow the claimed deduction. The Court found no legal question arising from the Tribunal's decision, which was based on evidence showing the alleged agency agreement with Anil Bhasin lacked substance. The Court also held that the issue of payment to Madan Mohan should be addressed in his separate assessment proceedings. Ultimately, the Court ruled in favor of the revenue authorities, affirming the validity of their findings on the deduction claim and the alleged agency agreement. en-us Fri, 31 Oct 1980 00:00:00 +0530 Thu, 11 Mar 2010 14:20:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29218 The High Court dismissed the application, upholding the revenue authorities' decision to disallow the claimed deduction. The Court found no legal question arising from the Tribunal's decision, which was based on evidence showing the alleged agency agreement with Anil Bhasin lacked substance. The Court also held that the issue of payment to Madan Mohan should be addressed in his separate assessment proceedings. Ultimately, the Court ruled in favor of the revenue authorities, affirming the validity of their findings on the deduction claim and the alleged agency agreement. Case-Laws Income Tax Fri, 31 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29218