https://www.taxtmi.com/caselaws?id=280277 The court ruled against the Revenue on both issues raised regarding commission payments made to agents through banking channels in India. It was determined that without a contract between a foreign bank and an Indian bank, the latter cannot be considered an agent, leading to a dismissal of the appeal. The court also found that entries in the books of accounts do not imply control or disposal of amounts by non-resident agents, resulting in a ruling against the Revenue on this matter as well. Consequently, both appeals were dismissed, and any pending miscellaneous petitions were also dismissed without costs. en-us Mon, 20 Feb 2017 00:00:00 +0530 Sun, 28 Apr 2019 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280277 The court ruled against the Revenue on both issues raised regarding commission payments made to agents through banking channels in India. It was determined that without a contract between a foreign bank and an Indian bank, the latter cannot be considered an agent, leading to a dismissal of the appeal. The court also found that entries in the books of accounts do not imply control or disposal of amounts by non-resident agents, resulting in a ruling against the Revenue on this matter as well. Consequently, both appeals were dismissed, and any pending miscellaneous petitions were also dismissed without costs. Case-Laws Income Tax Mon, 20 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280277