Deduction in case of commission of insurance agents.

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....hat where detailed accounts regarding expenses incurred by the insurance agents are not maintained, an adhoc deduction for expenses at the rate of 40 per cent of the first year's commission should be allowed. A ceiling of Rs.6000 in respect of such expenditure where the gross insurance commission do not exceed Rs.20,000 was laid down and the discretion to grant a larger allowance not exceeding Rs.....