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1 - 6 of 6 (0.17 seconds)Section 132 in The Income Tax Act, 1961 [Entire Act]
Section 139 in The Income Tax Act, 1961 [Entire Act]
Section 201 in The Income Tax Act, 1961 [Entire Act]
Uber India Systems Pvt Ltd., Mumbai vs Dy Cit (Tds)-2(3), Mumbai on 30 January, 2023
The assessee has also relied upon the decision of the Coordinate Bench
of ITAT in the case of Neo Sports Broadcast (P.) Ltd Vs. CIT (TDS), Mumbai,
[2016] 69 taxmann.com 422 (Mumbai), wherein it was held that "Where a
holding company provided bank guarantees for benefit of assessee, its
reimbursement by assessee would not come under purview of interest so as to
make assessee liable to TDS under Section 194A"
Reliance Industries Limited, Mumbai vs Acit , Mumbai on 8 March, 2022
The Ld. AR further relied upon the decision in the case of Onward e-
service Ltd. Vs ACIT, [2012] 22 taxmann.com 60 (Mumbai), wherein it was
held that "Reimbursement of interest by subsidiary to parent company which,
in turn, had repaid it to lender bank, did not involve any element of income
and, thus, no TDS liability would arise u/s 194A on reimbursement."
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