https://www.taxtmi.com/caselaws?id=752046 The ITAT Delhi allowed both revenue appeals due to assessee's non-representation despite multiple opportunities. The tribunal found insufficient justification for commission payments to foreign agents without proof of actual service delivery, lack of TDS deduction on technical service fees, and inadequate demonstration regarding diversion of interest-bearing funds to sister concern for non-business purposes. The CIT(A)'s deletions of various disallowances were set aside, requiring fresh verification and adjudication of all contested issues including commission payments and interest fund diversions. en-us Tue, 30 Apr 2024 00:00:00 +0530 Thu, 02 May 2024 08:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752046 The ITAT Delhi allowed both revenue appeals due to assessee's non-representation despite multiple opportunities. The tribunal found insufficient justification for commission payments to foreign agents without proof of actual service delivery, lack of TDS deduction on technical service fees, and inadequate demonstration regarding diversion of interest-bearing funds to sister concern for non-business purposes. The CIT(A)'s deletions of various disallowances were set aside, requiring fresh verification and adjudication of all contested issues including commission payments and interest fund diversions. Case-Laws Income Tax Tue, 30 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752046