Supreme Court Upholds Commissioner of Income-tax in Disallowing Deduction of Tax Paid for Non-Resident Principal as Business Loss. Commission Agent's Liability Under Section 42(2) of Indian Income-tax Act, 1922 Not a Trading Loss Deductible Under Section 10(1) or 10(2)(xi)....
The dispute concerned the deductibility of a sum of Rs.3,20,162 claimed by a commission agent as a business loss or bad debt under the Indian Income-tax Act, 1922. The respondent, a registered firm, c...




