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    <description>The Tribunal partially allowed the appeals by setting aside the disallowance of payments to channel companies and the levy of interest under Sections 234B and 234C. The issue of head office expenses was remitted for recomputation. The Tribunal upheld that the channel companies were not taxable in India and that the appellant and SIPL were not agents of the channel companies.</description>
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      <description>The Tribunal partially allowed the appeals by setting aside the disallowance of payments to channel companies and the levy of interest under Sections 234B and 234C. The issue of head office expenses was remitted for recomputation. The Tribunal upheld that the channel companies were not taxable in India and that the appellant and SIPL were not agents of the channel companies.</description>
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