{"id":45882,"date":"2024-09-08T17:35:02","date_gmt":"2024-09-08T12:05:02","guid":{"rendered":"https:\/\/itatonline.org\/digest\/indian-hume-pipe-co-ltd-v-cit-2023-155-taxmann-com-415-2024-461-itr-341-bom-hc\/"},"modified":"2024-09-08T17:35:02","modified_gmt":"2024-09-08T12:05:02","slug":"indian-hume-pipe-co-ltd-v-cit-2023-155-taxmann-com-415-2024-461-itr-341-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/indian-hume-pipe-co-ltd-v-cit-2023-155-taxmann-com-415-2024-461-itr-341-bom-hc\/","title":{"rendered":"Indian Hume Pipe Co. Ltd v. CIT [2023] 155 taxmann.com 415 \/ [2024] 461 ITR 341 (Bom) (HC)"},"content":{"rendered":"<p>Held that the Assessing Officer and the Tribunal were unjustified in disallowing part of the commission payment, given the assessee&#8217;s provision of detailed payment records and confirmation by commission agents via proper banking channels. Reasonableness to be considered from point of view of businessman. \u00a0The revenue cannot \u00a0bifurcate the commission payment between assistance in securing tenders and follow-up for payment recovery, as it amounted to rewriting the agency agreements, which were clear and genuine. \u00a0Appeal is allowed. (AY. 1986-87 to 1988-89)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Commission-Reasonableness to be considered from point of view of businessman-Revenue cannot rewrite the agreement-Appeal  is allowed. [S. 260A] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-45882","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bW2","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=45882"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45882\/revisions"}],"predecessor-version":[{"id":45883,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45882\/revisions\/45883"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=45882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=45882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=45882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}