Friday, 18 July 2014

No sec. 40(a)(i) disallowance on export commission paid to foreign agents before withdrawal of Circu

IT/ILT : Where assessee paid commission to foreign agents for securing order but did not deduct TDS on said payment, Circular No. 786 being in operation, invocation of provisions of section 40(a)(i), read with section 195 was incorrect


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