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TDS u/s 195 not deductible as payment to sister concern in USA is purely reimbursement of expense
Case Law Details
- Case Name
- DCIT Vs Trusted Aerospace Engineering Pvt Ltd (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Chennai
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DCIT Vs Trusted Aerospace Engineering Pvt Ltd (ITAT Chennai)
ITAT Chennai held that there is no obligation to deduct tax at source u/s 195 of the Income Tax Act as payment made to sister concern in USA is purely reimbursement of expense and doesn’t involve any element of income.
Facts- The sole grievance of the Revenue in this appeal is against order of the Ld.CIT(A) in deleting disallowance made by the ld. Assessing Officer amounting to Rs.4,95,20,000/- u/s.40(a)(ia) of the Act, by overlooking the fact that remittance was made towards fee for technical services chargeable t...
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