No Section 194C TDS on reimbursement of vehicle expenses

Sri. Singonahalli Chikkarevanna Gangadharaiah Vs ACIT (ITAT Bangalore) Conclusion:  Where a vehicle was provided by assessee to the concerned parties and assessee was to bear the vehicle expenses actually incurred by the cab owners which will be reimbursed by the parties concerned, reimbursement of actual expenses incurred by assessee could not be treated as payment subject to TDS under section 194C. Held: AO noticed from the profit and loss account of assessee that assessee had debited a sum for vehicle hire charges paid and a certain sum for petrol and diesel expenses paid. Assessee was ask...