https://www.taxtmi.com/caselaws?id=235539 The HC upheld the Tribunal's deletion of disallowance under section 37, finding payments to commission agents genuine and properly documented. Regarding disallowance under section 14A, the HC agreed with the Tribunal that investments in foreign subsidiaries yielding taxable dividends did not attract section 14A, and for Indian subsidiaries, the assessee had sufficient interest-free funds, negating disallowance. The Tribunal's allowance of deduction under section 80IB was also affirmed, following precedent. The court ruled entirely against Revenue on all issues. en-us Wed, 03 Apr 2013 00:00:00 +0530 Tue, 05 Aug 2025 15:27:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235539 The HC upheld the Tribunal's deletion of disallowance under section 37, finding payments to commission agents genuine and properly documented. Regarding disallowance under section 14A, the HC agreed with the Tribunal that investments in foreign subsidiaries yielding taxable dividends did not attract section 14A, and for Indian subsidiaries, the assessee had sufficient interest-free funds, negating disallowance. The Tribunal's allowance of deduction under section 80IB was also affirmed, following precedent. The court ruled entirely against Revenue on all issues. Case-Laws Income Tax Wed, 03 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235539