There cannot be Contradictory Course of Action as Revenue needs to be Consistent: Bombay HC rules Commission Payments Allowable as Business Expenditure [Read Order]

By Kalyani B. Nair - On September 20, 2023 10:53 am - 2 mins read
Contradictory- Course - Action - Revenue - Consistent-Bombay -HC - Commission- Payments - Business- Expenditure-TAXSCAN

The Bombay High Court ruled that commission payments are allowable as business expenditure and commented that “There cannot be contradictory course of action as Revenue needs to be consistent”. The Appellant, The Indian Hume Pipe Co. Ltd, is a limited company listed on the stock exchange and is engaged mainly in the business of manufacturing…

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