Where sister concern made payment of purchase price on behalf of assessee and deducted TDS on payment, reimbursement of purchase price, if involves no margin or profit or value addition, is not liable to TDS

IT/ILT : Where sister concern made payment of purchase price on behalf of assessee and deducted TDS on payment, reimbursement of purchase price, if involves no margin or profit or value addition, is not liable to TDS

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[2013] 34 taxmann.com 163 (Mumbai - Trib.)

IN THE ITAT MUMBAI BENCH 'F'

Income-tax Officer, (TDS) - 3(5), Mumbai

v.

Vishinda Diamonds*