https://www.taxtmi.com/caselaws?id=338815 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of commission payments to ACPL and IMACO for the Assessee, a German civil engineering company, for fiscal years 2010-11 and 2011-12. The Tribunal found that the Assessee had provided sufficient evidence of services rendered by ACPL and IMACO, and rejected the AO's conclusions of the transactions being sham or bogus. The Tribunal emphasized the necessity of local support for foreign companies and upheld the principle that revenue authorities should not question the reasonableness of business expenditures. The revenue's appeals were dismissed, affirming the deletion of the disallowances. en-us Wed, 08 Feb 2017 00:00:00 +0530 Sat, 11 Feb 2017 10:47:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338815 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of commission payments to ACPL and IMACO for the Assessee, a German civil engineering company, for fiscal years 2010-11 and 2011-12. The Tribunal found that the Assessee had provided sufficient evidence of services rendered by ACPL and IMACO, and rejected the AO's conclusions of the transactions being sham or bogus. The Tribunal emphasized the necessity of local support for foreign companies and upheld the principle that revenue authorities should not question the reasonableness of business expenditures. The revenue's appeals were dismissed, affirming the deletion of the disallowances. Case-Laws Income Tax Wed, 08 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338815