IT : Where Assessing Officer disallowed assessee's claim for commission paid to intermediary companies in respect of export made to Iraq under 'Food for Oil Programme' run by United Nations taking a view that it was in nature of prohibited payment in terms of Explanation 1 to section 37(1), in view of fact that said payment was duly approved by RBI, impugned disallowance deserved to be deleted
No comments:
Post a Comment