1989 (2) TMI 99 - HC - Income Tax

Summary

The High Court of Punjab and Haryana allowed a deduction for commission paid to a sole selling agent by the assessee, Kumar Engineers, for the assessment year 1976-77. The court found the commission paid to be reasonable based on the work done by the sole selling agent partners. The Tribunal justified allowing a further 2 percent commission under section 40A(2) of the Income-tax Act. The court ruled in favor of the assessee, with no costs.