https://www.taxtmi.com/caselaws?id=795201 Commission paid to a partnership firm was described as deductible against commission income under Section 57 because additional evidence showed a direct nexus between the firm's facilitation services and the income earned. The firm had relevant product-trading experience, established customer relationships, a supporting business network and infrastructure, and its products substantially overlapped with those involved in the transactions. Payment through banking channels, recording in the firm's books, and tax assessment in its hands supported the claim. The material was admitted as relevant to determining deductibility, and the commission payment was stated to be allowable. en-us Tue, 14 Jul 2026 00:00:00 +0530 Sat, 18 Jul 2026 08:27:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795201 Commission paid to a partnership firm was described as deductible against commission income under Section 57 because additional evidence showed a direct nexus between the firm's facilitation services and the income earned. The firm had relevant product-trading experience, established customer relationships, a supporting business network and infrastructure, and its products substantially overlapped with those involved in the transactions. Payment through banking channels, recording in the firm's books, and tax assessment in its hands supported the claim. The material was admitted as relevant to determining deductibility, and the commission payment was stated to be allowable. Case-Laws Income Tax Tue, 14 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795201