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    <title>2010 (3) TMI 287 - BOMBAY HIGH COURT</title>
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    <description>The appeal involved whether charges for reimbursement of expenses should be included in income for the assessment year 1998-1999. The Tribunal held that reimbursement of expenses should not be included in taxable income, following previous judgments. The High Court agreed, citing precedents where reimbursement of expenses was not considered taxable income. Additionally, the issue of the deletion of levy of interest under Section 234B of the Act was found to be covered against the Revenue by a previous judgment, leading to the dismissal of the appeal without costs awarded.</description>
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      <link>https://www.taxtmi.com/caselaws?id=76769</link>
      <description>The appeal involved whether charges for reimbursement of expenses should be included in income for the assessment year 1998-1999. The Tribunal held that reimbursement of expenses should not be included in taxable income, following previous judgments. The High Court agreed, citing precedents where reimbursement of expenses was not considered taxable income. Additionally, the issue of the deletion of levy of interest under Section 234B of the Act was found to be covered against the Revenue by a previous judgment, leading to the dismissal of the appeal without costs awarded.</description>
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      <pubDate>Tue, 09 Mar 2010 00:00:00 +0530</pubDate>
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