https://www.taxtmi.com/caselaws?id=39213 Payments under an agreement to share managing agency commission were deductible only when the statutory conditions for the special provision were satisfied. For assessment year 1961-62, the payment to Pushpa Devi was treated as income applied after receipt, not a diversion at source, and it was not shown to be wholly and exclusively for business; deduction was therefore denied under the general provisions and no statutory declaration had been filed. For assessment years 1962-63 to 1965-66, the declaration requirement was met, the agreement was supported by adequate consideration, and the special provision governed the shared commission; deduction was accordingly allowed. en-us Wed, 19 Sep 1973 00:00:00 +0530 Tue, 13 Apr 2010 17:22:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39213 Payments under an agreement to share managing agency commission were deductible only when the statutory conditions for the special provision were satisfied. For assessment year 1961-62, the payment to Pushpa Devi was treated as income applied after receipt, not a diversion at source, and it was not shown to be wholly and exclusively for business; deduction was therefore denied under the general provisions and no statutory declaration had been filed. For assessment years 1962-63 to 1965-66, the declaration requirement was met, the agreement was supported by adequate consideration, and the special provision governed the shared commission; deduction was accordingly allowed. Case-Laws Income Tax Wed, 19 Sep 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39213