https://www.taxtmi.com/caselaws?id=32350 The High Court affirmed the Tribunal's decision to allow commission payments as legitimate business expenses for the assessment year 1988-89. The Court emphasized the crucial role of agents in securing business for the assessee firm and justified the commission payments as necessary for procuring orders and ensuring contract compliance. Citing relevant legal provisions and precedent cases, the Court held that the commission expenditure was for the business's purpose and not solely a tactic to reduce tax liability, ultimately ruling in favor of the assessee. en-us Mon, 27 Aug 2007 00:00:00 +0530 Fri, 06 Feb 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32350 The High Court affirmed the Tribunal's decision to allow commission payments as legitimate business expenses for the assessment year 1988-89. The Court emphasized the crucial role of agents in securing business for the assessee firm and justified the commission payments as necessary for procuring orders and ensuring contract compliance. Citing relevant legal provisions and precedent cases, the Court held that the commission expenditure was for the business's purpose and not solely a tactic to reduce tax liability, ultimately ruling in favor of the assessee. Case-Laws Income Tax Mon, 27 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32350