https://www.taxtmi.com/caselaws?id=327594 The Tribunal held that the Assessing Officer's decision not to deduct TDS on reimbursement under a cost-sharing agreement was a possible legal view and not erroneous. It was found that the reimbursement did not constitute income, thus no TDS deduction was necessary. The Tribunal also noted that the order did not meet the twin conditions of being erroneous and prejudicial to revenue under section 263. As a result, the appeal was allowed, and the order under section 263 was canceled. en-us Wed, 11 May 2016 00:00:00 +0530 Sat, 14 May 2016 00:52:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327594 The Tribunal held that the Assessing Officer's decision not to deduct TDS on reimbursement under a cost-sharing agreement was a possible legal view and not erroneous. It was found that the reimbursement did not constitute income, thus no TDS deduction was necessary. The Tribunal also noted that the order did not meet the twin conditions of being erroneous and prejudicial to revenue under section 263. As a result, the appeal was allowed, and the order under section 263 was canceled. Case-Laws Income Tax Wed, 11 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327594