https://www.taxtmi.com/caselaws?id=56293 The disallowance of selling agency commission was contested by the assessee, arguing that the payment was justified under the IT Act provisions despite lacking approval under s. 294AA of the Companies Act. The Tribunal ruled in favor of the assessee, emphasizing the genuine agreement for services provided by the firm, leading to increased turnover for the assessee. The disallowance was deemed unjustified, and the appeal was allowed, overturning the decision of the CIT (A) and Income Tax Officer. en-us Fri, 24 Feb 1984 00:00:00 +0530 Thu, 02 Dec 2010 18:10:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56293 The disallowance of selling agency commission was contested by the assessee, arguing that the payment was justified under the IT Act provisions despite lacking approval under s. 294AA of the Companies Act. The Tribunal ruled in favor of the assessee, emphasizing the genuine agreement for services provided by the firm, leading to increased turnover for the assessee. The disallowance was deemed unjustified, and the appeal was allowed, overturning the decision of the CIT (A) and Income Tax Officer. Case-Laws Income Tax Fri, 24 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56293