https://www.taxtmi.com/caselaws?id=32231 The High Court upheld the Tribunal's decision, allowing the deduction of export commission, rejecting the contention of excessive commission rate, permitting depreciation on training fees, allowing deduction of prepayment premium, disallowing spreading of prepayment premium over years, admitting additional ground for depreciation due to exchange rate variation, and dismissing the allegation of the Tribunal's order being perverse. The Court found no substantial question of law and dismissed the appeal, directing each party to bear its own costs. en-us Fri, 23 Jan 2009 00:00:00 +0530 Thu, 29 Jan 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32231 The High Court upheld the Tribunal's decision, allowing the deduction of export commission, rejecting the contention of excessive commission rate, permitting depreciation on training fees, allowing deduction of prepayment premium, disallowing spreading of prepayment premium over years, admitting additional ground for depreciation due to exchange rate variation, and dismissing the allegation of the Tribunal's order being perverse. The Court found no substantial question of law and dismissed the appeal, directing each party to bear its own costs. Case-Laws Income Tax Fri, 23 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32231