https://www.taxtmi.com/caselaws?id=407600 The Appellate Tribunal upheld the CIT(A)'s decision to allow overseas commission expenses as genuine business expenses, dismissing the Revenue's appeals. The Tribunal affirmed that the appellant was not liable to deduct Tax Deducted at Source (TDS) on payments to overseas agents, citing relevant legal precedents and evidence presented during the proceedings. The additional evidence submitted by the appellant was deemed admissible under Rule 46-A, leading to the deletion of the disallowance made by the Assessing Officer under section 40(a)(ia) of the Income Tax Act. en-us Thu, 06 May 2021 00:00:00 +0530 Sat, 15 May 2021 08:27:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407600 The Appellate Tribunal upheld the CIT(A)'s decision to allow overseas commission expenses as genuine business expenses, dismissing the Revenue's appeals. The Tribunal affirmed that the appellant was not liable to deduct Tax Deducted at Source (TDS) on payments to overseas agents, citing relevant legal precedents and evidence presented during the proceedings. The additional evidence submitted by the appellant was deemed admissible under Rule 46-A, leading to the deletion of the disallowance made by the Assessing Officer under section 40(a)(ia) of the Income Tax Act. Case-Laws Income Tax Thu, 06 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407600