Interest reimbursed to the sister concerns is not an income & there is no statutory obligation to deduct TDS under Section 194A: ITAT Mumbai ITAT Mumbai in the case of KD Lite Developers Pvt. Ltd. v. DCIT (ITA 5305, 5325, 5357, 5356, 5354/Mum2024) has held that interest reimbursed to the sister concerns is not…
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