https://www.taxtmi.com/caselaws?id=36575 The court held that the payment of commission by the assessee to the sole selling agency firm does not constitute remuneration or benefit under Section 40(c) of the Income-tax Act, 1961, as it is considered a business activity rather than a benefit to directors or their relatives. Additionally, the court upheld the Tribunal's decision, ruling that the Commissioner of Income-tax's order under Section 263 was not justified, affirming the original assessment by the Income-tax Officer. The judgment favored the assessee, and costs were awarded accordingly. en-us Mon, 12 May 1980 00:00:00 +0530 Tue, 23 Mar 2010 12:20:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36575 The court held that the payment of commission by the assessee to the sole selling agency firm does not constitute remuneration or benefit under Section 40(c) of the Income-tax Act, 1961, as it is considered a business activity rather than a benefit to directors or their relatives. Additionally, the court upheld the Tribunal's decision, ruling that the Commissioner of Income-tax's order under Section 263 was not justified, affirming the original assessment by the Income-tax Officer. The judgment favored the assessee, and costs were awarded accordingly. Case-Laws Income Tax Mon, 12 May 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36575