Allowbility of kickbacks/secret commission as business expenditure under section 37(1) of IT Act

RELEVANT EXTRACTS

8. We have considered the issue. It is the assessee 1s contention that the assessee is paying secret commission and the amount is allowable as business expenditure under section 37(1}. Provisions of section 37(1), which are applicable are as under: –

“37. (1) Any expenditure (not being expenditure of the nature described in sections 30 to 36 and not being in the nature of capital expenditure or pe

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