Reimbursement of Expenses cannot be treated as Income despite deduction of TDS

K.C. Marketing Vs ACIT (ITAT Chennai)

Assessee has claimed various expenditure from its principal by way of reimbursement. The copies of relevant bills as well as credit notes issued by M/s Satnam Overseas Ltd. in favor of assessee has also been placed on page nos. 38 to 83 of paper-book. The statement of TDS deducted by assessee’s principal is also on record. Upon perusal of copies of financ

Please become a Premium member. If you are already a Premium member, login here to access the full content.