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TMI Blog2013 (12) TMI 1664X X X X Extracts X X X X X X X X Extracts X X X X ..... ellate Tribunal, Cochin Bench in I.T.A.No.415/Coch/2011. 2. The issue involved in the above appeal is with reference to non-deduction of tax at the time of making payment to a foreign company as agency commission. The assessee entered into a contract for providing marketing support to win the contract for construction of bore wells in a foreign country. The agent was M/s. Mozambique Holdings Lt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... deduct tax on such payments in the foreign country. The assessee preferred a further appeal before the Tribunal. The Tribunal found that the agency commission was payable in foreign exchange. Reference was made to Clause III, the responsibilities under the contract which reads as under: Clause III Responsibilities of the Contractor 3.1 The Contractor agrees to provide the consultant all ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in India is taxable under the Income Tax Act. The Tribunal referred to the judgment of the Supreme Court in GE Technology Centre (P.) Ltd. v. CIT [2010] 327 ITR 456 (SC) and found that the assessee is not liable to deduct tax since no part of the payment made to M/s. Mozambique Holdings Ltd. is liable to tax in India. 5. On behalf of the Revenue the main contention urged is the applicability o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... en brought into force only from 01/04/2008, it will not apply for the period prior to the same. It is based on the said view that the Tribunal came to a finding that the assessee is not liable to deduct tax with respect to the above transaction. 6. Delhi High Court also in CIT v. EON Technology (P.) Ltd. [2012] 343 ITR 366 has taken a similar view. Apparently, the amendments made by Finance Act ..... X X X X Extracts X X X X X X X X Extracts X X X X
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