THE DCIT, CIRCLE 2(1), RAJKOT-GUJARAT vs. SMT MEENABEN H LAKHANI, RAJKOT-GUJARAT

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

237 read with Section 199 of the Act implies that only the recipient of the sum i.e. the payee would seek a refund. Therefore also, no tax is deductible under section 195 of the Act on commission payments and consequently the expenditure on export commission payable to a non-resident for services rendered outside India becomes allowable expenditure

THE DCIT, CIRCLE-1 (2), RAJKOT vs. SHRI NARENDRA NANJIBHAI DAVDA, RAJKOT

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

237 read with Section 199 of the Act implies that only the recipient of the sum i.e. the payee would seek a refund. Therefore also, no tax is deductible under section 195 of the Act on commission payments and consequently the expenditure on export commission payable to a non-resident for services rendered outside India becomes allowable expenditure

THE DCIT, CIRCLE-1(2), RAJKOT vs. M/S. DRB COMMODITIES PVT. LTD., RAJKOT

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

237 read with Section 199 of the Act implies that only the recipient of the sum i.e. the payee would seek a refund. Therefore also, no tax is deductible under section 195 of the Act on commission payments and consequently the expenditure on export commission payable to a non-resident for services rendered outside India becomes allowable expenditure

THE DY. COMMR. OF INCOME TAX, CIR.-1(2), RAJKOT-GUJARAT vs. M/S DML EXIM PVT. LTD.,, RAJKOT-GUJARAT

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

237 read with Section 199 of the Act implies that only the recipient of the sum i.e. the payee would seek a refund. Therefore also, no tax is deductible under section 195 of the Act on commission payments and consequently the expenditure on export commission payable to a non-resident for services rendered outside India becomes allowable expenditure

THE DCIT, CIRCLE-1(2), RAJKOT vs. M/S. D.M.L. WORLD TRADE PVT. LTD., RAJKOT

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

237 read with Section 199 of the Act implies that only the recipient of the sum i.e. the payee would seek a refund. Therefore also, no tax is deductible under section 195 of the Act on commission payments and consequently the expenditure on export commission payable to a non-resident for services rendered outside India becomes allowable expenditure

THE DCIT, CIRCLE-1(2), RAJKOT vs. M/S. DRB COMMODITIES PVT. LTD., RAJKOT

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

237 read with Section 199 of the Act implies that only the recipient of the sum i.e. the payee would seek a refund. Therefore also, no tax is deductible under section 195 of the Act on commission payments and consequently the expenditure on export commission payable to a non-resident for services rendered outside India becomes allowable expenditure

SAURASHTRA GRAMIN BANK MANAGER (F & A), RAJKOT,RAJKOT vs. THE PR. COMMISSIONER OF INCOME TAX-I,, RAJKOT

In the result, the appeal filed by the assessee is allowed

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआयकर अपील सं./Ita No. 37/Rjt/2022 (Assessment Year: 2017-18) (Hybrid Hearing) Saurashtra Gramin Bank Vs. The Pr. Cit-1, Manager (F & A), Rajkot 1St Floor Wing 2, Lic Jeevan Prakash Building, Tagore Road, Rajkot-360001 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aahas2116H (अपीलाथ"/Appellant) (""यथ"/Respondent)

gains of business or profession" (before making any deduction under this clause) carried to such reserve account” Calculation of the deduction under section 36(1)(viii) of the Act was submitted by the assessee before ld.PCIT, which is given here under: ITA No. 37/Rjt/2022 A.Y. 2017-18 Saurashtra Gramin Bank Manager v. PCIT Sr. Description Total Long Term Total Interest