Lee Pharma Pvt Limited, Hyderabad vs Department Of Income Tax on 12 April, 2012
3. Similarly, the assessee had not reduced 90% of
the commission' on exports received of Rs.
67,98,563/- from the profits of the business while
working out the deduction. It was decided in the
case of CIT Vs. Prabhakar, 276 ITR 176 that
brokerage and commission being income for
procuring export contract cannot be treated as
part of eligible profits of the business.