https://www.taxtmi.com/caselaws?id=248603 The Tribunal ruled in favor of the assessee, holding that the disallowance of commissions paid on exports to Iraq under the "Food for Oil Programme" for A.Y. 2000-01 to 2002-03 was not justified. The disallowance was based on the Volcker Committee report's findings on illicit surcharges, but the Tribunal found no evidence linking the commissions to such surcharges. The commissions were approved by the Reserve Bank of India and paid to a third party, not diverted to the Iraqi government. The decision was made in favor of the assessee, and the appeals were partly allowed for statistical purposes. en-us Wed, 11 Jun 2014 00:00:00 +0530 Tue, 17 Jun 2014 23:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248603 The Tribunal ruled in favor of the assessee, holding that the disallowance of commissions paid on exports to Iraq under the "Food for Oil Programme" for A.Y. 2000-01 to 2002-03 was not justified. The disallowance was based on the Volcker Committee report's findings on illicit surcharges, but the Tribunal found no evidence linking the commissions to such surcharges. The commissions were approved by the Reserve Bank of India and paid to a third party, not diverted to the Iraqi government. The decision was made in favor of the assessee, and the appeals were partly allowed for statistical purposes. Case-Laws Income Tax Wed, 11 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248603