https://www.taxtmi.com/caselaws?id=274016 The Tribunal allowed the appeal of the assessee concerning the assessment of agency commission paid to M/s Mozambique Holdings Ltd. The disallowance of Rs. 4,26,26,195 was deleted as the commission payment was for marketing support, not consultancy services, and the foreign company had no permanent establishment in India. Therefore, tax deduction at the time of payment was not required. In the second issue, the Tribunal remitted the matter back to the assessing officer to reexamine the disallowance of Rs. 1,63,066 on the ground of diverting interest-bearing funds for non-business purposes in light of the Supreme Court's judgment. en-us Wed, 29 Feb 2012 00:00:00 +0530 Tue, 24 Jul 2018 18:35:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274016 The Tribunal allowed the appeal of the assessee concerning the assessment of agency commission paid to M/s Mozambique Holdings Ltd. The disallowance of Rs. 4,26,26,195 was deleted as the commission payment was for marketing support, not consultancy services, and the foreign company had no permanent establishment in India. Therefore, tax deduction at the time of payment was not required. In the second issue, the Tribunal remitted the matter back to the assessing officer to reexamine the disallowance of Rs. 1,63,066 on the ground of diverting interest-bearing funds for non-business purposes in light of the Supreme Court's judgment. Case-Laws Income Tax Wed, 29 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274016