https://www.taxtmi.com/caselaws?id=304502 The Tribunal upheld the CIT(A)'s decision that the Assessee was not obligated to deduct TDS on reimbursement of expenses to overseas group entities, as it was on a cost-to-cost basis. The Tribunal dismissed the Revenue's appeal, stating that no new evidence or legal basis was presented to challenge the precedent set in previous years. Therefore, the disallowance of expenses under section 40(a)(ia) was deemed unjustified, and the Assessee's position was upheld. en-us Wed, 09 Sep 2020 00:00:00 +0530 Thu, 29 Sep 2022 09:39:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304502 The Tribunal upheld the CIT(A)'s decision that the Assessee was not obligated to deduct TDS on reimbursement of expenses to overseas group entities, as it was on a cost-to-cost basis. The Tribunal dismissed the Revenue's appeal, stating that no new evidence or legal basis was presented to challenge the precedent set in previous years. Therefore, the disallowance of expenses under section 40(a)(ia) was deemed unjustified, and the Assessee's position was upheld. Case-Laws Income Tax Wed, 09 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304502