ITAT Mumbai Deletes ₹4.52 Cr TDS Disallowance on Foreign Commissions

Foods And Inns Limited Vs DCIT (ITAT Mumbai) ITAT Mumbai Deletes Rs.4.52 Cr 40(a)(ia) Disallowance – No TDS Required on Foreign Agent Commission Overseas Storage Charges -Sec.195 TDS Not Attracted ITAT Mumbai allowed the assessee’s appeal & deleted disallowance of Rs.4.52 crore made u/s 40(a)(ia) on account of non-deduction of TDS on commission paid to foreign agents & warehousing charges abroad Assessee, engaged in manufacture & export of fruit pulps & concentrates, had paid Rs.25.84 lakh as commission to overseas agents in UK, Australia, Netherlands, France, UAE, Hong Kon...