https://www.taxtmi.com/caselaws?id=391871 The Tribunal upheld the deletion of disallowance of TDS on commission paid to non-resident foreign agents for the assessment year 2011-12, ruling that the payment did not fall under section 195. The Tribunal also upheld the CIT(A)'s decision to delete the disallowance of loss on rate settlement under section 43(5) of the Act, remanding the issue for verification of additional evidence. The Tribunal remanded the issue of additional evidence presented without opportunity for verification to the Assessing Officer. The Tribunal upheld the deletion of disallowance of commission payment under section 40(1)(i) of the Act, allowing the Revenue's appeal in part for statistical purposes. en-us Mon, 20 Jan 2020 00:00:00 +0530 Sat, 08 Feb 2020 07:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391871 The Tribunal upheld the deletion of disallowance of TDS on commission paid to non-resident foreign agents for the assessment year 2011-12, ruling that the payment did not fall under section 195. The Tribunal also upheld the CIT(A)'s decision to delete the disallowance of loss on rate settlement under section 43(5) of the Act, remanding the issue for verification of additional evidence. The Tribunal remanded the issue of additional evidence presented without opportunity for verification to the Assessing Officer. The Tribunal upheld the deletion of disallowance of commission payment under section 40(1)(i) of the Act, allowing the Revenue's appeal in part for statistical purposes. Case-Laws Income Tax Mon, 20 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391871