https://www.taxtmi.com/caselaws?id=268396 The Tribunal partly allowed the Revenue's appeal, reversing the CIT(A)'s decision on excessive remuneration under section 40A(2)(b) of the Income Tax Act, 1961, but upholding the CIT(A)'s decision on commission paid to foreign agents under section 40(a)(ia). The Tribunal found the remuneration excessive and unreasonable, disallowing 50% of it. However, it agreed that tax deduction at source was not required for payments to foreign agents as their services were performed outside India. The Tribunal's decision was pronounced on 14/10/2015. en-us Wed, 14 Oct 2015 00:00:00 +0530 Tue, 15 Dec 2015 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268396 The Tribunal partly allowed the Revenue's appeal, reversing the CIT(A)'s decision on excessive remuneration under section 40A(2)(b) of the Income Tax Act, 1961, but upholding the CIT(A)'s decision on commission paid to foreign agents under section 40(a)(ia). The Tribunal found the remuneration excessive and unreasonable, disallowing 50% of it. However, it agreed that tax deduction at source was not required for payments to foreign agents as their services were performed outside India. The Tribunal's decision was pronounced on 14/10/2015. Case-Laws Income Tax Wed, 14 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268396