https://www.taxtmi.com/caselaws?id=404055 The ITAT dismissed the Revenue's appeal, ruling that payments made by the assessee to Pfizer Ltd. were reimbursement for shared employees' expenses during business tours, not subject to TDS. The ITAT found the second proviso to section 40(a)(ia) of the Income Tax Act applied retrospectively, exempting the assessee from default status. Compliance with specified conditions and the declaratory nature of the provisions led to the deletion of the disallowance made by the Assessing Officer, with no income embedded in the reimbursed expenses. en-us Thu, 11 Feb 2021 00:00:00 +0530 Sat, 13 Feb 2021 15:04:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404055 The ITAT dismissed the Revenue's appeal, ruling that payments made by the assessee to Pfizer Ltd. were reimbursement for shared employees' expenses during business tours, not subject to TDS. The ITAT found the second proviso to section 40(a)(ia) of the Income Tax Act applied retrospectively, exempting the assessee from default status. Compliance with specified conditions and the declaratory nature of the provisions led to the deletion of the disallowance made by the Assessing Officer, with no income embedded in the reimbursed expenses. Case-Laws Income Tax Thu, 11 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404055