https://www.taxtmi.com/caselaws?id=456461 ITAT Indore dismissed Revenue's appeal regarding commission expenditure disallowance and share capital addition u/s 68. The assessee paid commission to UAE resident for sales to overseas company. CIT(A) deleted addition after assessee provided additional evidence under Rule 46A showing commission paid for business expediency. No TDS requirement u/s 195 as payment not chargeable to tax in India and payee had no permanent establishment. For share capital addition, CIT(A) correctly deleted after assessee submitted evidence establishing identity, creditworthiness, and genuineness of transactions, satisfying section 68 requirements. en-us Fri, 25 Feb 2022 00:00:00 +0530 Sat, 27 Jul 2024 07:29:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456461 ITAT Indore dismissed Revenue's appeal regarding commission expenditure disallowance and share capital addition u/s 68. The assessee paid commission to UAE resident for sales to overseas company. CIT(A) deleted addition after assessee provided additional evidence under Rule 46A showing commission paid for business expediency. No TDS requirement u/s 195 as payment not chargeable to tax in India and payee had no permanent establishment. For share capital addition, CIT(A) correctly deleted after assessee submitted evidence establishing identity, creditworthiness, and genuineness of transactions, satisfying section 68 requirements. Case-Laws Income Tax Fri, 25 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456461