https://www.taxtmi.com/caselaws?id=360676 The HC upheld the Tribunal's rulings on two key issues. First, it affirmed the treatment of hedging losses as business losses, not speculative, since the transactions were incidental to the regular business course. Second, it confirmed that no tax deduction at source was required on foreign commission payments, as they were not taxable in India. Consequently, the Tax Appeal was dismissed, affirming the Tribunal's decisions on both counts. en-us Wed, 11 Apr 2018 00:00:00 +0530 Fri, 12 Jul 2024 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360676 The HC upheld the Tribunal's rulings on two key issues. First, it affirmed the treatment of hedging losses as business losses, not speculative, since the transactions were incidental to the regular business course. Second, it confirmed that no tax deduction at source was required on foreign commission payments, as they were not taxable in India. Consequently, the Tax Appeal was dismissed, affirming the Tribunal's decisions on both counts. Case-Laws Income Tax Wed, 11 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360676