https://www.taxtmi.com/caselaws?id=374235 The appeal by the revenue against the disallowance of interest on intercorporate loans and commission payment without TDS deduction was dismissed. The Tribunal upheld the CIT(A)'s decisions, ruling that the interest disallowance was not justified as the advance was for a business purpose and part of it was refunded. Regarding the commission payment, it was deemed non-taxable in India as the recipient had no permanent establishment in India, leading to the deletion of the disallowance. The Tribunal's decision was supported by a Gujarat High Court ruling. en-us Thu, 20 Dec 2018 00:00:00 +0530 Tue, 29 Jan 2019 07:30:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374235 The appeal by the revenue against the disallowance of interest on intercorporate loans and commission payment without TDS deduction was dismissed. The Tribunal upheld the CIT(A)'s decisions, ruling that the interest disallowance was not justified as the advance was for a business purpose and part of it was refunded. Regarding the commission payment, it was deemed non-taxable in India as the recipient had no permanent establishment in India, leading to the deletion of the disallowance. The Tribunal's decision was supported by a Gujarat High Court ruling. Case-Laws Income Tax Thu, 20 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374235