LC discount charges being reimbursement of cost incurred by suppliers didn't require sec. 194A TDS

IT: Where assessee debited Letter of Credit (LC) discount charges to its profit and less account without deducting tax at source under section 194A and, thus, same were disallowed by AO, in view of fact that said charges were merely in nature of reimbursement of cost incurred by suppliers under agreed arrangement and no interest payments had been made to suppliers, impugned disallowance was to be deleted

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