https://www.taxtmi.com/caselaws?id=327559 The Tribunal ruled in favor of the assessee in an appeal against the revision order of the Principal CIT under section 263 of the Income-tax Act, 1961 for AY 2010-11. Regarding the reimbursement of bank guarantee charges and shortfall in TDS deduction for technical services, the Tribunal held that the payments were not liable for TDS under any provision. It was determined that the AO had considered the expenses thoroughly during assessment and had taken a plausible view, thus the assessment was not erroneous or prejudicial to revenue. Consequently, the revision proceeding was dismissed, and the assessee's appeal was upheld. en-us Fri, 01 Apr 2016 00:00:00 +0530 Fri, 13 May 2016 09:01:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327559 The Tribunal ruled in favor of the assessee in an appeal against the revision order of the Principal CIT under section 263 of the Income-tax Act, 1961 for AY 2010-11. Regarding the reimbursement of bank guarantee charges and shortfall in TDS deduction for technical services, the Tribunal held that the payments were not liable for TDS under any provision. It was determined that the AO had considered the expenses thoroughly during assessment and had taken a plausible view, thus the assessment was not erroneous or prejudicial to revenue. Consequently, the revision proceeding was dismissed, and the assessee's appeal was upheld. Case-Laws Income Tax Fri, 01 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327559