2014 (6) TMI 1037

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....dma Divakar For the Respondent : Mr. R. Murlidhar i/b. Atul K. Jasani ORDER P.C.: 1] This appeal challenges the order passed by the Income Tax Appellate Tribunal, Mumbai, dated 12th August, 2011 in Income Tax Appeal No.8118/MUM/2010. The assessment year in question is 200607. 2] Mr. Vimal Gupta, the learned senior counsel submits that the order passed by the Tribunal deals with seve....

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....issed as it does not raise any substantial question of law. 4] Upon perusal of the memo of this appeal and all its annexures, what has been set out as the undisputed factual position is that the assessee company is in the business of manufacture of process control instrumentation. It paid to its subsidiary Emerson Electrict Co. India Pvt. Ltd., an amount of Rs. 74,33,557/on account of business ....

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....irement to deduct the tax at source does not come into play. If these expenses have been incurred in the business of the associate/subsidiary and these are payments made to the regular employees employed by the subsidiary/associate and towards their salary, then, the reimbursement of such expenses by the present assessee would not require it to make any deduction. In other words, the tax would not....