Case Law Details
Case Name : ACIT (TDS) Vs St. Mary's Rubbers Private Limited (ITAT Cochin)
Appeal Number : ITA Nos. 224/Coch/2016
Date of Judgement/Order : 15/06/2017
Related Assessment Year : 2011-12
Courts :
All ITAT ITAT Cochin
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Reimbursement of expenses against separate bills to C&F agents doesn’t require TDS and hence no dis allowance u/s 40(a)(1a)… ITAT Cochin bench held in the case of Assistant Commissioner of Income Tax (TDS) Vs St. Mary’s Rubbers Private Limited dismissing revenue’s appeal.
Amounts paid by way of reimbursement of expenses do not constitute income in the hands of the recipient. Consequently, the payer is under no obligation to deduct TDS u/s 194C and no dis allowance of the expenditure can be made u/s 40(a)(ia).
Full Text of ITAT Order is as follows:-
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