TaxTMI Login
AI OCR ✕Convert scanned orders, printed notices, PDFs and images into clean, searchable, editable text within seconds. Starting at 2 Credits/page
Try Now →Just a moment...
AI OCR ✕Convert scanned orders, printed notices, PDFs and images into clean, searchable, editable text within seconds. Starting at 2 Credits/page
Try Now →
Press 'Enter' to add multiple search terms. Rules for Better Search
Use comma for multiple locations.
---------------- For section wise search only -----------------
Accuracy Level ~ 90%
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
Issues: Whether reimbursement of actual expenses incurred by the assessee could be treated as its income for the year under consideration.
Analysis: The assessment year in question was held to be materially identical to the immediately preceding years, in which the Tribunal had already examined the same service arrangement and the character of the receipts. Following the earlier decision, the reimbursement of actual expenditure was held not to constitute income of the assessee. The matter of verification of the actual reimbursable amount was left to the Assessing Officer for giving effect to the conclusion.
Conclusion: Reimbursement of actual expenses is not taxable as income of the assessee; the addition was directed to be deleted after verification, in favour of the assessee.
TaxTMI 
TaxTMI 
