1992 (11) TMI 85 - HC - Income Tax

Summary

The High Court of Kerala allowed an application under section 261 of the Income-tax Act, 1961, for a certificate to appeal to the Supreme Court. The case involves the interpretation of section 35B(1)(b)(iv) regarding weighted deduction for commission paid to agents outside India. The court found a conflicting view by the Karnataka High Court, leading to the need for an authoritative decision from the Supreme Court. The High Court certified the case as fit for appeal to the Supreme Court.