Prospective valuation amendment limits reassessment: unamended fair market value reference could not justify reopening based on a registered valuer's ...
Exemption for examination-related services rejected where recipients were commercial entities; suppression sustained extended limitation and penalties...
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The ITAT Mumbai ruled on TDS u/s 195 regarding commission paid to foreign agents for procuring export orders. The assessee paid commission to non-resident agents outside India, residents of countries with DTAA with India. The Tribunal noted services were rendered outside India, agents had no PE in India, and payments were based on export orders procured. Previous cases showed commission was for procuring export orders, not income accruing in India. Tribunal upheld Ld. CIT(A)'s decision that commission earned by non-resident agents selling Indian goods abroad is not deemed to accrue in India. Decision favored the assessee.
The ITAT Mumbai ruled on TDS u/s 195 regarding commission paid to foreign agents for procuring export orders. The assessee paid commission to non-resident agents outside India, residents of countries with DTAA with India. The Tribunal noted services were rendered outside India, agents had no PE in India, and payments were based on export orders procured. Previous cases showed commission was for procuring export orders, not income accruing in India. Tribunal upheld Ld. CIT(A)'s decision that commission earned by non-resident agents selling Indian goods abroad is not deemed to accrue in India. Decision favored the assessee.
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