https://www.taxtmi.com/caselaws?id=169883 The ITAT upheld the disallowance of a deduction claimed under section 80IB of the Act, citing that Duty Draw Back and export incentives are not eligible for deduction as they are not considered income derived from industrial undertaking. The ITAT also upheld the deletion of an addition under section 40(a)(i) for payments made to Non-residents without TDS on export sales, stating that TDS was not required on commission paid to foreign agents. The ITAT dismissed both the assessee's and Revenue's appeals, confirming the decisions of the CIT(A) on both issues. en-us Fri, 11 Apr 2014 00:00:00 +0530 Mon, 09 Jun 2014 14:53:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169883 The ITAT upheld the disallowance of a deduction claimed under section 80IB of the Act, citing that Duty Draw Back and export incentives are not eligible for deduction as they are not considered income derived from industrial undertaking. The ITAT also upheld the deletion of an addition under section 40(a)(i) for payments made to Non-residents without TDS on export sales, stating that TDS was not required on commission paid to foreign agents. The ITAT dismissed both the assessee's and Revenue's appeals, confirming the decisions of the CIT(A) on both issues. Case-Laws Income Tax Fri, 11 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169883