No TDS u/s 194C for payments of reimbursement of expenses

Brief of the Case: In the cited case, ITAT inter-alia held that since the payments have been made as reimbursement of expenses to the agents of the appellant, therefore, appellant was not obliged to deduct TDS under section 194C of the Act and as such, no disallowance is warranted u/s 40(a)(ia) of the IT Act.

Facts of the Case: The Assessee was running two proprietorship concerns in the name and style of M/s.Mosaic House (India) and M/s.Diler Stone. M/s Mosaic House (India) was a new concern a

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