https://www.taxtmi.com/caselaws?id=328389 The Tribunal allowed the appeal, permitting the deduction of interest on loans to subsidiaries under section 36(1)(iii) based on commercial expediency. Additionally, it ruled that no TDS was required on payments to non-residents under section 40(a)(i) as the income was not taxable in India. The issue concerning alleged illegal commission payments was remanded for further investigation to determine if they violated any laws. The appeal was partly allowed, providing substantial relief to the assessee. en-us Tue, 24 May 2016 00:00:00 +0530 Wed, 01 Jun 2016 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328389 The Tribunal allowed the appeal, permitting the deduction of interest on loans to subsidiaries under section 36(1)(iii) based on commercial expediency. Additionally, it ruled that no TDS was required on payments to non-residents under section 40(a)(i) as the income was not taxable in India. The issue concerning alleged illegal commission payments was remanded for further investigation to determine if they violated any laws. The appeal was partly allowed, providing substantial relief to the assessee. Case-Laws Income Tax Tue, 24 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328389