1998 (4) TMI 33

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....---The question referred to us at the instance of the Revenue arising out of the assessment of the respondent's income for the assessment year 1977-78 is : "Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the assessee is eligible for allowance of weighted deduction under section 35B of the Income-tax Act, 1961, in respect of the payment of comm....

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....ction. The commission paid to the local agent of the foreign buyer is under the contract which the assessee had concluded with the foreign buyer, and an item of expense which is directly related to the business of the assessee in the normal course. The information if any provided by the agent of the foreign buyer is not generally about the markets for the assessee's goods outside the country, but ....