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No TDS if sum paid to foreign co. was reimbursement of expenses with no income element: Mumbai ITAT
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Corporate Tax
No TDS if sum paid to foreign co. was reimbursement of expenses with no income element: Mumbai ITAT
Posted on
on
December 7, 2017
Tenet Tax Daily December 07 2017
By
tenettax-team
Corporate Tax
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Sec. 36(1)(iii) disallowance was valid if Co. didn’t have sufficient funds to give advances to its sister concern
No additions if it was assessee’s business decision to share employee cost with sister concerns on cost-to-cost basis
