https://www.taxtmi.com/caselaws?id=431964 The Tribunal dismissed the revenue's appeal for AY 2009-10, upholding the Ld. CIT(A)'s decisions on disallowance u/s 40(a)(i) and u/s 14A. Regarding disallowance u/s 40(a)(i), the Tribunal agreed that the assessee was not liable for TDS on selling commission paid to non-resident entities due to the absence of a permanent establishment in India for the payees. On the issue of disallowance u/s 14A, the Tribunal upheld the Ld. CIT(A)'s direction to consider investments yielding exempt income, in line with relevant precedents. en-us Thu, 08 Dec 2022 00:00:00 +0530 Sat, 24 Dec 2022 11:08:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431964 The Tribunal dismissed the revenue's appeal for AY 2009-10, upholding the Ld. CIT(A)'s decisions on disallowance u/s 40(a)(i) and u/s 14A. Regarding disallowance u/s 40(a)(i), the Tribunal agreed that the assessee was not liable for TDS on selling commission paid to non-resident entities due to the absence of a permanent establishment in India for the payees. On the issue of disallowance u/s 14A, the Tribunal upheld the Ld. CIT(A)'s direction to consider investments yielding exempt income, in line with relevant precedents. Case-Laws Income Tax Thu, 08 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431964