https://www.taxtmi.com/caselaws?id=184637 The ITAT partly allowed the revenue's appeal and the cross objection of the assessee. The reimbursement of expenditure against the supply of material was held taxable, while customs duty was excluded from taxation under section 44BB. The interest received on income-tax refunds was directed to be taxed at 15% under the DTAA between India and USA. en-us Fri, 24 Oct 2008 00:00:00 +0530 Thu, 14 Jul 2016 18:12:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184637 The ITAT partly allowed the revenue's appeal and the cross objection of the assessee. The reimbursement of expenditure against the supply of material was held taxable, while customs duty was excluded from taxation under section 44BB. The interest received on income-tax refunds was directed to be taxed at 15% under the DTAA between India and USA. Case-Laws Income Tax Fri, 24 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184637