https://www.taxtmi.com/highlights?id=60240 Income accrued in India - Business Connection and Permanent Establishment - As the position of the profit/loss of the assessee is evident. After deduction of the distribution expenses and 15% booking fee, the assessee is left with no taxable profit. Considering the disallowance @ 30% u/s. 40(a)(ia) in accordance with the law laid down by the Hon'ble Delhi High court, , we hereby direct the AO to re-compute the net losses computing the disallowance on other expenses @ 30%. - AT en-us Mon, 25 Oct 2021 18:36:21 +0530 Mon, 25 Oct 2021 18:36:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60240 Income accrued in India - Business Connection and Permanent Establishment - As the position of the profit/loss of the assessee is evident. After deduction of the distribution expenses and 15% booking fee, the assessee is left with no taxable profit. Considering the disallowance @ 30% u/s. 40(a)(ia) in accordance with the law laid down by the Hon'ble Delhi High court, , we hereby direct the AO to re-compute the net losses computing the disallowance on other expenses @ 30%. - AT Highlights Income Tax Mon, 25 Oct 2021 18:36:21 +0530 https://www.taxtmi.com/highlights?id=60240