https://www.taxtmi.com/caselaws?id=55911 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decisions on both issues. The Tribunal upheld the allowance of commission payments related to sales of textile processing machines, emphasizing the unique nature of the business. Additionally, the Tribunal supported the treatment of the payment to retiring partners as revenue expenditure, considering it necessary for ongoing business operations and not capital in nature. en-us Thu, 07 Jan 1988 00:00:00 +0530 Tue, 30 Nov 2010 16:21:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55911 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decisions on both issues. The Tribunal upheld the allowance of commission payments related to sales of textile processing machines, emphasizing the unique nature of the business. Additionally, the Tribunal supported the treatment of the payment to retiring partners as revenue expenditure, considering it necessary for ongoing business operations and not capital in nature. Case-Laws Income Tax Thu, 07 Jan 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55911