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ITAT quashed reassessment as no TDS was required on reimbursement of exp. to foreign associate

June 27, 2020[2020] 117 taxmann.com 298 (Mumbai - Trib.)
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INCOME TAX: Where DCIT found nature of payment by assessee to associate concerns based in foreign countries was merely reimbursement of expenses and, hence, no TDS was to be made but DCIT proceeded with reassessment on ground only to safeguard interest of Revenue, such reassessment was to be quashed

INCOME TAX: 90 days time period permitted under Rule 34(5) for pronouncing order was to be computed by deducting Covid-19 pandemic lockdown period

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