https://www.taxtmi.com/caselaws?id=171354 The HC upheld the Tribunal's judgment, dismissing the Revenue's appeal under section 260A of the Income-tax Act. The Tribunal had deleted the addition of Rs. 18 lakhs as income from other sources, determining it was a reimbursement of expenses incurred by the assessee for providing services to a sister concern. Both the CIT(A) and the Tribunal found a direct nexus between the expenses incurred and the amount received, concluding no taxable income arose. The HC agreed, noting no substantial question of law was present, and affirmed the decision to delete the addition for the assessment year 2001-02. en-us Tue, 20 Jan 2009 00:00:00 +0530 Wed, 01 Nov 2023 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171354 The HC upheld the Tribunal's judgment, dismissing the Revenue's appeal under section 260A of the Income-tax Act. The Tribunal had deleted the addition of Rs. 18 lakhs as income from other sources, determining it was a reimbursement of expenses incurred by the assessee for providing services to a sister concern. Both the CIT(A) and the Tribunal found a direct nexus between the expenses incurred and the amount received, concluding no taxable income arose. The HC agreed, noting no substantial question of law was present, and affirmed the decision to delete the addition for the assessment year 2001-02. Case-Laws Income Tax Tue, 20 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171354