ITAT Delhi Upholds Deletion of Commission, Legal & Interest Disallowances

ACIT Vs Lucky Exports (ITAT Delhi) Commission to Foreign Agents Not “FTS”, Legal & Professional Fees Outside India Not Taxable – ITAT Delhi Upholds CIT(A) Relief to Lucky Exports Delhi   Tribunal dismissed Revenue’s appeals against CIT(A)’s deletion of large disallowances on commission, professional fees & interest in the case of M/s Lucky Exports for AYs 2011-12 & 2012-13. Assessee, engaged in export projects, filed returns declaring income of ₹17.55 crore (AY 2011-12). AO completed assessment at ₹23.36 crore by disallowing: Commission expenses:  ₹2.51 crore pai...