https://www.taxtmi.com/caselaws?id=382720 The High Court upheld the decision to delete the disallowed commission amount paid to foreign agents by the Assessee for under-invoicing iron ore shipments, as it did not impact the Assessee's income liability in India. The Court also ruled that claiming deduction/expenditure without filing a revised return was not necessary in this case, as the Assessee did not claim any deduction through a revised return and received the net FOB value without disclosing the expenditure incurred by a foreign agent. The appeal was dismissed, with the Court stating that no substantial question of law arose. en-us Tue, 25 Jun 2019 00:00:00 +0530 Wed, 10 Jul 2019 06:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382720 The High Court upheld the decision to delete the disallowed commission amount paid to foreign agents by the Assessee for under-invoicing iron ore shipments, as it did not impact the Assessee's income liability in India. The Court also ruled that claiming deduction/expenditure without filing a revised return was not necessary in this case, as the Assessee did not claim any deduction through a revised return and received the net FOB value without disclosing the expenditure incurred by a foreign agent. The appeal was dismissed, with the Court stating that no substantial question of law arose. Case-Laws Income Tax Tue, 25 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382720