1987 (3) TMI 34 - HC - Income Tax

Summary

The High Court of Delhi dismissed the petition seeking a reference on whether a deduction of special commission paid to Orient Investment Private Limited was justified. The commission was paid to collect rent for a property and fell within the allowable expenditure under section 24(1)(viii) of the Income-tax Act, 1961. Both the Commissioner of Income-tax (Appeals) and the Tribunal found that the commission enabled the assessee to collect rent effectively. The Tribunal's finding was considered a finding of fact, and no question of law for reference was identified. The petition was dismissed with no order as to costs.