[aaykarbhavan] Buyers commission paid for procuring export order is an allowable deduction under section 37(1)

Buyers commission paid for procuring export order is an allowable deduction under section 37(1)

August 11, 2014[2014] 47 taxmann.com 291 (Madras)/[2013] 359 ITR 671 (Madras)

IT: Where assessee-exporter paid buyer's commission for procuring export orders and genuineness of payment was established, commission was deductible as business expenditure

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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