Tds on c&f charges

Income Tax Officer Ward- 6(1), Ahmedabad Versus Shri Pravin B. Kachadia HUF and Shri Pravin B. Kachadia HUF Versus Income Tax Officer Ward-6(1), Ahmedabad - 2015 (2) TMI 62 - ITAT AHMEDABAD

Non deduction of TDS on clearing and forwarding charges - disallowance u/s 40(a)(ia) - assessee s submission that the amount paid to C & F agents includes the expenditure which has been reimbursed to the clearing and forwarding agents and there is no element of profit in it - Held that - We find that there is no finding of Ld. CIT(A) that the amount paid by the assessee was not in the nature of reimbursement but on the contrary he has held that there cannot be any exemption from TDS even in case of reimbursement. As find that the issue of disallowance u/s. 40(a)(ia) amount paid to the clearing and forwarding agents with respect to the reimbursable expenditure was also before the Co-ordinate Bench Tribunal in the case of Gujarat Narmada Valley Fertilizer Company Ltd 2015