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1973 (4) TMI 23 - PATNA HIGH COURT
Allowability u/s 10(2)(x) - Money borrowed - assessee borrowed for business purposes and agreed to pay 12 1/2 % of the profits instead of interest - When a claim for allowance under s. 10(2)(xv) is made, the department has to decide whether the expenditure was incurred voluntarily on the grounds of commercial expediency - reasonableness of these expenditures is to be from the point of view of the businessman and not that of the revenue - Whether the commission paid to employee on sale of trucks in addition to salary is deductible - hold that, on the facts and circumstances of the case, the Appellate Tribunal was not justified in disallowing commission on sale to the employee, Parikh, to the extent of Rs. 7,145 ; the whole of the amount was allowable under section 10(2)(x) of the Act.