https://www.taxtmi.com/caselaws?id=31947 The High Court upheld the Tribunal's decision, ruling that expenses for commission and Export Market Development allowance were not subject to disallowance under section 37(3A) of the Income Tax Act, 1961. The Court emphasized the distinction between expenses on advertisement and promotion versus trade discounts or commissions, stating that the latter should not be considered wasteful expenditures under the provision. The assessee's position was supported, and the reference was resolved in favor of the assessee. en-us Fri, 22 Dec 2006 00:00:00 +0530 Fri, 02 Jan 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31947 The High Court upheld the Tribunal's decision, ruling that expenses for commission and Export Market Development allowance were not subject to disallowance under section 37(3A) of the Income Tax Act, 1961. The Court emphasized the distinction between expenses on advertisement and promotion versus trade discounts or commissions, stating that the latter should not be considered wasteful expenditures under the provision. The assessee's position was supported, and the reference was resolved in favor of the assessee. Case-Laws Income Tax Fri, 22 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31947