https://www.taxtmi.com/caselaws?id=384163 The Appellate Tribunal restricted the disallowance under section 14A of the Income Tax Act to the exempt dividend income earned by the assessee, rejecting the grounds related to this issue. Regarding the disallowance under section 40(a)(i) of the Act for commission expenses paid to a foreign agent, the Tribunal allowed the grounds raised by the assessee, stating that the commission payments were not taxable in India. The Tribunal directed the Assessing Officer to verify the claim of the assessee regarding the short grant of TDS credit, allowing one ground of the assessee's appeal for statistical purposes. The assessee's appeal for Assessment Year 2011-12 was partly allowed by the Tribunal on 2nd August 2019. en-us Fri, 02 Aug 2019 00:00:00 +0530 Tue, 06 Aug 2019 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384163 The Appellate Tribunal restricted the disallowance under section 14A of the Income Tax Act to the exempt dividend income earned by the assessee, rejecting the grounds related to this issue. Regarding the disallowance under section 40(a)(i) of the Act for commission expenses paid to a foreign agent, the Tribunal allowed the grounds raised by the assessee, stating that the commission payments were not taxable in India. The Tribunal directed the Assessing Officer to verify the claim of the assessee regarding the short grant of TDS credit, allowing one ground of the assessee's appeal for statistical purposes. The assessee's appeal for Assessment Year 2011-12 was partly allowed by the Tribunal on 2nd August 2019. Case-Laws Income Tax Fri, 02 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384163