https://www.taxtmi.com/caselaws?id=342675 The Appellate Tribunal allowed the additional ground of appeal regarding disallowance under section 14A of the Income Tax Act, acknowledging the legal nature of the issue raised by the assessee. Concerning tax deduction at source for payments to non-resident agents under section 40(a)(i) r.w.s. 195 of the Act, the Tribunal ruled in favor of the assessee, overturning the First Appellate Authority's decision. The Tribunal held that the provisions of section 40(a)(i) did not apply to payments made to foreign agents, citing precedents and the absence of taxable income accruing in India to the agents. en-us Thu, 20 Apr 2017 00:00:00 +0530 Wed, 10 May 2017 07:23:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342675 The Appellate Tribunal allowed the additional ground of appeal regarding disallowance under section 14A of the Income Tax Act, acknowledging the legal nature of the issue raised by the assessee. Concerning tax deduction at source for payments to non-resident agents under section 40(a)(i) r.w.s. 195 of the Act, the Tribunal ruled in favor of the assessee, overturning the First Appellate Authority's decision. The Tribunal held that the provisions of section 40(a)(i) did not apply to payments made to foreign agents, citing precedents and the absence of taxable income accruing in India to the agents. Case-Laws Income Tax Thu, 20 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342675