1987 (3) TMI 34

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..... ribunal was justified in allowing the assessee a deduction of Rs. 95,811 paid by it as a special commission to Orient Investment Private Limited. It is common ground that the commission was paid in respect of a property assessed under section 22 of the Income-tax Act, 1961. It is also common ground that the expenditure is allowable only if it falls within section 24(1)(viii) which allows a deducti .....

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..... to realise it periodically without difficulty. Though counsel for the Commissioner of Income-tax contends that the payment was not related to the actual collections, it has been found that it was paid actually on the amount of licence fees received and also graduated according to the licence fee paid, whether it was in excess of Rs. 3,60 per sq. ft. or less. The finding of the Tribunal is a find .....

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