https://www.taxtmi.com/caselaws?id=62552 The Tribunal ruled in favor of the assessee, determining that the advances received for reimbursable expenses were not taxable as they were not of a trading nature and were meant for specific expenses on behalf of the company. The addition of Rs. 6,22,795 to the assessee's income was deleted. However, the Tribunal upheld the levy of interest under Section 216 of the Income-tax Act. Additionally, the deduction of expenses incurred for earning remuneration was disallowed, resulting in the department's appeal being allowed on different grounds. en-us Fri, 25 Nov 1994 00:00:00 +0530 Thu, 20 Jan 2011 13:36:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62552 The Tribunal ruled in favor of the assessee, determining that the advances received for reimbursable expenses were not taxable as they were not of a trading nature and were meant for specific expenses on behalf of the company. The addition of Rs. 6,22,795 to the assessee's income was deleted. However, the Tribunal upheld the levy of interest under Section 216 of the Income-tax Act. Additionally, the deduction of expenses incurred for earning remuneration was disallowed, resulting in the department's appeal being allowed on different grounds. Case-Laws Income Tax Fri, 25 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62552