https://www.taxtmi.com/caselaws?id=275509 The Tribunal partially allowed the appeal, remitting the first issue back to the Assessing Officer for reconsideration regarding the disallowance of interest expenditure under sec. 14A. On the second issue of disallowance under sec. 40(a)(ia) for non-deduction of TDS on export commission to foreign agents, the Tribunal ruled in favor of the assessee, setting aside the disallowance due to the absence of a business connection and the non-necessity of TDS deduction in the circumstances. en-us Thu, 27 Sep 2012 00:00:00 +0530 Fri, 05 Oct 2018 14:35:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275509 The Tribunal partially allowed the appeal, remitting the first issue back to the Assessing Officer for reconsideration regarding the disallowance of interest expenditure under sec. 14A. On the second issue of disallowance under sec. 40(a)(ia) for non-deduction of TDS on export commission to foreign agents, the Tribunal ruled in favor of the assessee, setting aside the disallowance due to the absence of a business connection and the non-necessity of TDS deduction in the circumstances. Case-Laws Income Tax Thu, 27 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275509