TAX DEDUCTED AT SOURCE
- The Delhi High Court in CIT vs. Expediters International (India) P. Ltd. has held that payments made by assessee to its parent company for Global Management expenses was in the nature of reimbursement which are not chargeable to tax, and thus, no tax was to be deducted at source u/s 195.
- The Delhi High Court in CIT vs. Maruti Udyog Ltd. has held that not deducting tax at source on the VRS paid to employees over and above the admissible exemption under section 10(10C) was not a default as there was sufficient and reasonable reasons for not deducting such TDS.
- The Delhi Tribunal, in case Asstt. CIT v. Sanjay kumar held that payment made by assessee for taking cranes on lease on time basis, did not constitute payment with regard to 'work contract' as defined in section 194C.