Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1969 (11) TMI 16 - PUNJAB AND HARYANA HIGH COURT
Payment by way of commission - incurred in connection with the procurement of raw material for the business and trade of the assessee-company - spent by an assessee to run and maintain its business and as a part and parcel of its working capital can only be described as revenue expenditure - allowable as revenue expenditure