Case Law Details
Case Name : Kannan Devan Hills Plantations Co. (P) Ltd. Vs ACIT (ITAT Cochin)
Related Assessment Year : 2010-11, 2011-12 & 2012-13
Courts :
All ITAT ITAT Cochin
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Kannan Devan Hills Plantations Co. (P) Ltd. Vs ACIT (ITAT Cochin)
A perusal of the expenditure incurred by the assessee, we notice that these are payments made as reimbursement of expenditure incurred by the foreign agents plus their commission. The foreign agent commission and reimbursement of expenditure are not taxable in India and hence, the provisions of section 195 of the I.T. Act have no application.
FULL TEXT OF THE ITAT JUDGMENT
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Kindly note the date of pronouncement is 04-01-2018.