Allowing the appeal of the assessee the Court held that ; since agents of assessee made themselves liable to recover price of goods sold by them, they were del cedere agents, therefore, commission payment made to these two agents would be allowed as business expenditure . (AY. 2003-04)
Landis + GYR Ltd. v. CIT (2017) 77 taxmann.com 253 (Cal) (HC) Editorial: SLP of revenue is accepted ; CIT v. Landis + GYR Ltd. (2018) 258 Taxman 60 (SC)
S. 37(1) : Business expenditure –Commission payments made to agents who procured orders and themselves were made liable to recover price of goods sold by them – Held to be allowable as deduction.