https://www.taxtmi.com/caselaws?id=790398 Commission paid for procuring and facilitating bond transactions was treated as allowable business expenditure because the payments were made through banking channels, tax was deducted at source, confirmations were filed, and no specific adverse material disproved the commercial need for intermediaries. Salary paid to a related party was not disallowed under section 40A(2)(b) because the record did not show that the remuneration was excessive or unreasonable having regard to the services rendered. Business promotion expenditure was also allowed to the extent challenged, as invoices, identity documents and banked payments were on record and no concrete inquiry established a non-business purpose. en-us Wed, 08 Apr 2026 00:00:00 +0530 Fri, 24 Apr 2026 08:52:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790398 Commission paid for procuring and facilitating bond transactions was treated as allowable business expenditure because the payments were made through banking channels, tax was deducted at source, confirmations were filed, and no specific adverse material disproved the commercial need for intermediaries. Salary paid to a related party was not disallowed under section 40A(2)(b) because the record did not show that the remuneration was excessive or unreasonable having regard to the services rendered. Business promotion expenditure was also allowed to the extent challenged, as invoices, identity documents and banked payments were on record and no concrete inquiry established a non-business purpose. Case-Laws Income Tax Wed, 08 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790398