1998 (8) TMI 42 - HC - Income Tax

Summary

The High Court of Kerala ruled in favor of the assessee, allowing weighted deduction under section 35B(1)(b) of the Income-tax Act for commission paid to foreign agents for promoting sales outside India. The court defined "agency" based on the Concise Oxford Dictionary and upheld the decision of the Appellate Tribunal. The judgment was delivered by OM PRAKASH., J. B. KOSHY.