Secret Commission to business house executives is Bribe & no deduction allowable

Contention of the Assessee It is submitted that the appellant had incurred these expenses by way of commission or incentive to the Executives of the business houses to get the business from the business houses. This payment is made to higher officers in the Human Resources Department to ensure that these people extend the business to the appellant. This amount is incurred wholly and exclusively for the conduct of the business. This is not in the nature of bribe to warrant disallowance under explanation to Section 37(1) of the Act. The A.O. characterised such payments as bribes and in fact made...