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2009 (7) TMI 1264 - AT - Income TaxExtract: .......red by the promoters compensated to them would not involve any profit element also and therefore, no deduction of tax is required to be made. Following that decision, we hold that no TDS was required to be deducted in respect of expenses reimbursed. 7. In the result, the appeal of the revenue is dismissed. Pronounced in the open court on 17.7.2009.
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