https://www.taxtmi.com/caselaws?id=120438 The Tribunal allowed the assessee's appeals for the assessment years 1999-2000 and 2002-03, dismissing the revenue's appeals for 2000-01 and 2001-02. It ruled that the commission paid to non-resident agents was not taxable in India, thus no TDS was required, disallowing Section 40(a)(i). Rental income was classified under 'Income from house property'. The bonus payment was permitted under Section 43B. The addition to book profit under Section 115JB was unjustified, aligning with the SC decision in Apollo Tyres Ltd., preventing alteration of net profit per the Companies Act. en-us Fri, 22 Aug 2008 00:00:00 +0530 Mon, 27 Nov 2023 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120438 The Tribunal allowed the assessee's appeals for the assessment years 1999-2000 and 2002-03, dismissing the revenue's appeals for 2000-01 and 2001-02. It ruled that the commission paid to non-resident agents was not taxable in India, thus no TDS was required, disallowing Section 40(a)(i). Rental income was classified under 'Income from house property'. The bonus payment was permitted under Section 43B. The addition to book profit under Section 115JB was unjustified, aligning with the SC decision in Apollo Tyres Ltd., preventing alteration of net profit per the Companies Act. Case-Laws Income Tax Fri, 22 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120438