https://www.taxtmi.com/caselaws?id=367670 The Tribunal dismissed the Revenue's appeal on the deduction of Direct Marketing Agent (DMA) commission for the assessment years 2007-08, 2008-09, and 2011-12, upholding the CIT(A)'s decision to allow the entire commission as a deduction. The Tribunal also upheld the CIT(A)'s decision to allow expenses on the issue of Non-Convertible Debentures (NCDs) for the A.Y. 2008-09. The matter of disallowance under Section 14A was remanded to the AO for computation, and the disallowance of provision for leave encashment was deferred pending a Supreme Court decision. The disallowance of post-retirement benefits was rejected, while the disallowance under Section 40(a)(ia) was upheld. The additional claim for adjustment on delinquency support receipts was dismissed. en-us Wed, 19 Sep 2018 00:00:00 +0530 Mon, 24 Sep 2018 09:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367670 The Tribunal dismissed the Revenue's appeal on the deduction of Direct Marketing Agent (DMA) commission for the assessment years 2007-08, 2008-09, and 2011-12, upholding the CIT(A)'s decision to allow the entire commission as a deduction. The Tribunal also upheld the CIT(A)'s decision to allow expenses on the issue of Non-Convertible Debentures (NCDs) for the A.Y. 2008-09. The matter of disallowance under Section 14A was remanded to the AO for computation, and the disallowance of provision for leave encashment was deferred pending a Supreme Court decision. The disallowance of post-retirement benefits was rejected, while the disallowance under Section 40(a)(ia) was upheld. The additional claim for adjustment on delinquency support receipts was dismissed. Case-Laws Income Tax Wed, 19 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367670