Commission received by a foreign company for assistance in arranging cargo transportation taxable in India on account of ‘business connection’

ADIT v ACM Shipping India Ltd. ITAT, Mumbai ITA Nos. 5085 and 5087 (Mum.) of 2009 Assessment Year: 2009-10 and 2010-11 Decided on: 10 June 2011 Order N.V. Vasudevan, JM 1. These are appeals by the revenue against two orders both dated 25-6-2009 of CIT(A) XXXI, Mumbai relating to assessment years 2010-11 and 2009-10. 2. The appellant is ACM Shipping India Limited, a company (hereinafter referred to as “the Appellant”). It is engaged in the business of ship broking and arranges for transportation of cargo from India to other countries. The appellant is a subsidiary o...