https://www.taxtmi.com/caselaws?id=268980 The Tribunal affirmed the Commissioner of Income Tax (Appeals)' decision, ruling in favor of the assessee regarding the disallowance of expenses under section 40(a)(ia) of the Income Tax Act. The payments to C&F agents were determined to be commission, not rent, subject to tax deduction at source under section 194H at a rate of 10%. The Revenue's appeal was dismissed as they failed to provide evidence disputing the nature of the payments, establishing the relationship between the assessee and agents as principal and agent for clearing and forwarding services. en-us Mon, 31 Aug 2015 00:00:00 +0530 Sat, 05 Dec 2015 11:06:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268980 The Tribunal affirmed the Commissioner of Income Tax (Appeals)' decision, ruling in favor of the assessee regarding the disallowance of expenses under section 40(a)(ia) of the Income Tax Act. The payments to C&F agents were determined to be commission, not rent, subject to tax deduction at source under section 194H at a rate of 10%. The Revenue's appeal was dismissed as they failed to provide evidence disputing the nature of the payments, establishing the relationship between the assessee and agents as principal and agent for clearing and forwarding services. Case-Laws Income Tax Mon, 31 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268980