https://www.taxtmi.com/caselaws?id=251242 The Tribunal upheld the Commissioner of Income Tax (Appeals) decisions to delete the disallowance under section 40(a)(i) for non-deduction of tax on commission payments to non-resident agents, citing that the services were rendered outside India and not chargeable to tax in India. Additionally, the Tribunal supported the CIT(A)'s restriction of disallowance under section 14A read with rule 8D to 10% of income received from the firm, finding the investments were covered by the assessee's own funds. The Tribunal dismissed all Revenue appeals, affirming the CIT(A)'s rulings on both issues. en-us Fri, 28 Mar 2014 00:00:00 +0530 Sat, 21 Mar 2015 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251242 The Tribunal upheld the Commissioner of Income Tax (Appeals) decisions to delete the disallowance under section 40(a)(i) for non-deduction of tax on commission payments to non-resident agents, citing that the services were rendered outside India and not chargeable to tax in India. Additionally, the Tribunal supported the CIT(A)'s restriction of disallowance under section 14A read with rule 8D to 10% of income received from the firm, finding the investments were covered by the assessee's own funds. The Tribunal dismissed all Revenue appeals, affirming the CIT(A)'s rulings on both issues. Case-Laws Income Tax Fri, 28 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251242