https://www.taxtmi.com/caselaws?id=184989 The Tribunal allowed the deduction of Foreign Buyer's Agent Commission, dismissing the department's appeal and upholding the CIT(A)'s decision. The Tribunal referred to previous cases where similar claims were allowed and concluded that the commission should be deductible from the invoice value. Additionally, the Tribunal directed the AO to recalculate the DEPB entitlement based on the profit element on its sale under Section 28(iiid) as clarified in the case of Topman Exports vs. ITO. en-us Wed, 24 Mar 2010 00:00:00 +0530 Wed, 27 Jul 2016 13:21:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184989 The Tribunal allowed the deduction of Foreign Buyer's Agent Commission, dismissing the department's appeal and upholding the CIT(A)'s decision. The Tribunal referred to previous cases where similar claims were allowed and concluded that the commission should be deductible from the invoice value. Additionally, the Tribunal directed the AO to recalculate the DEPB entitlement based on the profit element on its sale under Section 28(iiid) as clarified in the case of Topman Exports vs. ITO. Case-Laws Income Tax Wed, 24 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184989