1990 (7) TMI 19 - HC - Income Tax

Summary

The High Court of Delhi dismissed the petition regarding the disallowance of commission paid to Synfibre Sales Corporation under section 40A(2)(a) and 40A(2)(b)(ii) of the Income-tax Act for the assessment year 1975-76. The court declined to refer the question to the Tribunal based on a previous decision by the Allahabad High Court. The petition was dismissed with no order as to costs.