https://www.taxtmi.com/caselaws?id=355923 The Tribunal upheld the Commissioner's decision to delete the disallowance under section 40(a)(i) of the Income Tax Act concerning commission paid to non-resident parties, citing consistent precedent. Regarding the disallowance under section 14A read with Rule 8D for exempt dividend income, the Tribunal directed the Assessing Officer to recompute the disallowance considering only investments generating exempt income. Consequently, the Revenue's appeal was dismissed, and the assessee's appeal was partly allowed, resolving the issues raised in the appeals. en-us Fri, 16 Feb 2018 00:00:00 +0530 Tue, 20 Feb 2018 08:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355923 The Tribunal upheld the Commissioner's decision to delete the disallowance under section 40(a)(i) of the Income Tax Act concerning commission paid to non-resident parties, citing consistent precedent. Regarding the disallowance under section 14A read with Rule 8D for exempt dividend income, the Tribunal directed the Assessing Officer to recompute the disallowance considering only investments generating exempt income. Consequently, the Revenue's appeal was dismissed, and the assessee's appeal was partly allowed, resolving the issues raised in the appeals. Case-Laws Income Tax Fri, 16 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355923