https://www.taxtmi.com/caselaws?id=753462 ITAT Chennai held that assessee's reimbursement payments to overseas group entities for employee relocation expenses were not subject to TDS under sections 195/192, as these were pure reimbursements without markup and not taxable income. The tribunal remanded TDS verification, DDT credit claims, and DDT liability issues to AO for fresh adjudication. Regarding lease rental payments, ITAT confirmed CIT(A)-NFAC's decision allowing depreciation deduction on finance lease assets, dismissing Revenue's appeal on this ground. en-us Thu, 30 May 2024 00:00:00 +0530 Mon, 03 Jun 2024 06:03:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753462 ITAT Chennai held that assessee's reimbursement payments to overseas group entities for employee relocation expenses were not subject to TDS under sections 195/192, as these were pure reimbursements without markup and not taxable income. The tribunal remanded TDS verification, DDT credit claims, and DDT liability issues to AO for fresh adjudication. Regarding lease rental payments, ITAT confirmed CIT(A)-NFAC's decision allowing depreciation deduction on finance lease assets, dismissing Revenue's appeal on this ground. Case-Laws Income Tax Thu, 30 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753462