https://www.taxtmi.com/caselaws?id=37367 The court allowed the deduction of commission for the assessment year 1959-60 based on a retrospective agreement, finding it necessary for business expediency. The court ruled that the liability to make the adjustment arose when the firm received debit notes from the company during the relevant accounting period for 1959-60, not for the previous year. The department's contentions were dismissed, and the assessee was granted costs and counsel fees. en-us Tue, 31 Jul 1979 00:00:00 +0530 Mon, 29 Mar 2010 12:40:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37367 The court allowed the deduction of commission for the assessment year 1959-60 based on a retrospective agreement, finding it necessary for business expediency. The court ruled that the liability to make the adjustment arose when the firm received debit notes from the company during the relevant accounting period for 1959-60, not for the previous year. The department's contentions were dismissed, and the assessee was granted costs and counsel fees. Case-Laws Income Tax Tue, 31 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37367