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2015 (8) TMI 177 - HC - Income TaxNon deduction of tds u/s 195 - payment of commission made to agents viz. of Turkey and of Mauritius - CIT and the Tribunal set aside AO order of disallowance - Held that:- CIT and the Tribunal corectly set aside the order of the Assessing Officer in view of the circular No. 786 dated 07.02.2000 issued by the Central Board of Direct Taxes which inter alia states that no tax is deductible under Section 195 of the Act in respect of expenditure on export commission and other related charges payable to a non-resident for services rendered outside India - Decided in favour of assessee. Addition on shortage in production - ITAT deleted addition - Held that:- The CIT found, as a matter of fact, that the assessee had been maintaining the complete details/particulars of opening stock, purchase, consumption, production and sales, which were in fact verified and accepted by the Assessing Officer. The finding is that the addition was made purely on imagination and assumptions without bringing any documentary material on record. The finding is neither absurd nor perverse.- Decided in favour of assessee.
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